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Financings in Brief: Sola International

This article was originally published in The Gray Sheet

Executive Summary

Sola International: Plans to submit registration statement to SEC for an offering of 2.8 mil. shares, including 2 mil. offered by the company and roughly 800,000 by selling shareholders. Proceeds from the offering, to be underwritten by Morgan Stanley and Merrill Lynch, will be used to repay debt expected to be incurred to finance Sola's recently announced acquisition of American Optical Corporation's ophthalmic eyeglass lens division ("The Gray Sheet" March 18, I&W-16)...



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