Deal Description: On March 21, 2019, Cactus, Inc. (NYSE: WHD) (“Cactus”) completed an underwritten public secondary offering (the “Offering”) of 8,500,000 shares of its Class A common stock by certain selling stockholders for total gross proceeds of $308.1 million. Cactus will not receive any of the proceeds from the Offering. Citigroup and Credit Suisse (the “Underwriters”) acted as joint book-running managers for the Offering.
Baker Botts represented Cactus and certain selling stockholders in the transaction.
Client: Cactus and certain of the selling stockholders
Outside Counsel to the Underwriters: Vinson & Elkins L.L.P.
Value: $308.1 million
Baker Botts Lawyers/Offices Involved:
Corporate: Michael Rosenwasser (Partner; New York), Adorys Velazquez (Partner; New York), John Johnston (Special Counsel; New York), Ieuan List (Associate; Houston), Jonathan Kovacs (Associate; New York)
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