REV Group Information Monaco, Holiday Rambler, American Coach, Fleetwood

[tinstar 1114]

About REV Group"

Milwaukee-based specialty vehicle manufacturer REV Group Inc. plans to raise up to $100 million in its initial public offering, to a preliminary prospectus it filed Monday (Oct. 24) with the SEC. REV Group is parent to REV Recreation Group, builder of American Coach, Monaco Coach, Holiday Rambler and Fleetwood RV motorhomes.

As reported by the Milwaukee Business News, the prospectus shows the
company has not yet priced the offering. It plans to list the shares
of common stock on one of the stock exchanges under the symbol REVG.

REV Group plans to use most of the proceeds of the offering to pay
down debt, as well as for general and administrative expenses, capital expenditures, working capital and other general corporate purposes.

Tim Sullivan, former chief executive officer of South Milwaukee-based Bucyrus International Inc., moved REV Group’s headquarters from Orlando, Fla., to Milwaukee earlier this year.

Here's the story with a little less info: Report: REV Group Plans to Raise $100M in IPO | RV Business

[Robin_M]

That is probably very good news for the companies that REV Group holds, like Monaco, Fleetwood, and American Coach, as it will mean an infusion of capital. Also, good news for us, their customers.

Let's all hope the offering goes well. Thanks for posting the news.

[distaff]

Short the stock.