Paul Hastings Advises Kratos Defense in Public Offering of Common Stock
SAN DIEGO – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, in the Company's underwritten public offering of 11,670,000 shares of its common stock at a purchase price of $6.00 per share.
Kratos currently intends to use the net proceeds from the offering for general corporate purposes, including funding its expected growth and strategic investments in its high performance unmanned aerial vehicle business area and other new programs under contract and reducing overall indebtedness in order to facilitate Kratos’ long-term strategy.
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