Blue Bird Corporation announces USD75 million investment
By Will Hall - 27th December 2021
USA – School bus manufacturer Blue Bird Corporation, based in Fort Valley, Georgia, has announced the sale of USD75 million in common shares at a price of USD16 per share to Coliseum Capital Management LLC. The deal provides Coliseum with a 15% share in the company.
Blue Bird intends to use the net proceeds from the Private Placement for working capital purposes and other general corporate purposes such as acquisitions, investments in technologies and businesses, operating expenses, and capital expenditures.