The Firm recently represented the underwriters, led by Robert W. Baird & Co. Incorporated, in connection with the public offering of 14,935,065 shares of common stock (including 1,948,052 shares sold pursuant to the underwriters’ exercise of their option to purchase additional shares) of Kratos Defense & Security Solutions, Inc. Kratos intends to use the net proceeds from the offering to fund investments and capital expenditures to scale and successfully execute on large, mission critical National Security priorities related to existing programs, recent program awards and significant high-probability pipeline opportunities, to finance important customer and program targeted acquisitions and for general corporate purposes, including pay-down of debt and to pay fees and expenses in connection with the offering.
Kratos is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address its customers’ mission critical needs and requirements.
The Simpson Thacher team for the transaction included David Azarkh, Patrick Baron, Erin Camia and Ye Joo Lee (Capital Markets); Michael Mann and Kris Liu (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Corina Holland (Intellectual Property); and Jennie Getsin (FINRA).