Exhibit 99.1
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| NEWS RELEASE | | 
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| | Investor contact: | | | | Media contact: |
| | Stephen Nolan | | | | Heather Kralik |
| | 518-445-2281 | | | | 801-505-7001 |
| | stephen.nolan@albint.com | | | | heather.kralik@albint.com |
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ALBANY INTERNATIONAL CORP. ANNOUNCES THE PRICING OF A SECONDARY OFFERING
Rochester, New Hampshire, May 30, 2019 –Albany International Corp. (NYSE: AIN)(the “Company”) today announced the pricing of the previously announced secondary offering of 1,405,217 shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”). The shares have been offered by Standish Family Holdings, LLC and J.S. Standish Company (collectively, the “Selling Stockholders”) at a price to the public of $68.00 per share. The offering is expected to close on June 4, 2019, subject to customary closing conditions. One of the Selling Stockholders has granted the underwriters a30-day option to purchase up to 210,783 additional shares of Class A Common Stock. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.
J.P. Morgan and BofA Merrill Lynch have acted as joint bookrunning managers and representatives of the underwriters for the offering. Baird, Cowen, SunTrust Robinson Humphrey and Sidoti & Company, LLC have acted asco-managers for the offering.
A Registration Statement on FormS-3 (including a prospectus) relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and is effective. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, copies of the prospectus and accompanying prospectus supplement related to this offering, when available, may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone at1-866-803-9204; or BofA Merrill Lynch, Attention: Prospectus Department, 200 North College Street, 3rd Floor, Charlotte, NC 28255, or by email at dg.prospectus_requests@baml.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
