AGC Partners Co-Manages Cree’s Follow-On Offering

Transaction Details

AGC is pleased to announce that its client, Cree, Inc. (NASDAQ: CREE) announced a public offering of 11,000,000 shares of its common stock priced at $35.50 per share for gross proceeds of $390.5 million.  Cree intends to use the proceeds for financing anticipated capital expenditures, working capital and potential strategic investments. Led by Rob Buxton, America’s Growth Capital was a co-manager on the offering.