Exhibit 99.2
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NEWS RELEASE | | ![LOGO](https://capedge.com/proxy/8-K/0001193125-19-165135/g757190g0604225846018.jpg) |
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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 CLOSING OF A SECONDARY OFFERING
Rochester, New Hampshire, June 4, 2019 –Albany International Corp. (NYSE: AIN)(the “Company”) today announced the closing of the previously announced secondary offering of shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”). Standish Family Holdings, LLC and J.S. Standish Company (collectively, the “Selling Stockholders”) sold 1,405,217 shares of Class A Common Stock at a price to the public of $68.00 per share.
In connection with the offering, Standish Family Holdings, LLC granted the underwriters a30-day option to purchase up to 210,783 additional shares of Class A Common Stock. On May 31, 2019, the underwriters exercised the option in full. As a result, the total number of shares of Class A Common Stock sold was increased to 1,616,000. The Selling Stockholders received all of the net proceeds from this offering. No shares were sold by the Company.
J.P. Morgan and BofA Merrill Lynch have acted as joint book-running 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. A copy of the prospectus and accompanying prospectus supplement related to the offering 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.