Outdoor financials: Rocky wraps stock offering, plus Liberty Media

Rocky Brands closed a 1.8 million-share stock offering that netted it more than $14 million, and Liberty Media's tender offer raised $518 million.
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Rocky wraps stock offering

Rocky Brands (Nasdaq: RCKY) said it closed a 1.8 million-share stock offering that netted it more than $14 million.

The company said it would use the net proceeds from the offering for the repayment of long-term debt.

The underwriters in the offering hold an option to purchase up to 270,000 additional shares of common stock at $8.40 per share to cover any overallotments.

Robert W. Baird & Co. acted as sole book-running manager for the offering, while D.A. Davidson & Co. acted as co-manager for the offering.

Liberty Media’s tender offer raises $518 million

Liberty Media (Nasdaq: LCAPA, LINTA), parent of Backcountry.com, said it has received tenders of $518 million for its outstanding 5.70 percent senior notes due 2013.

Liberty commenced the tender offer in early May for up to $400 million aggregate principal amount of notes at a purchase price per $1,000 principal amount determined in a modified "Dutch auction."

The tender offers represent approximately 64.6 percent of the outstanding principal amount of notes.

--Compiled by Wendy Geister

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