Golden Entertainment sets pricing of secondary public offering

Golden Entertainment Inc. announced late Thursday the pricing of its underwritten secondary public offering of 6.5 million shares of common stock to be sold by certain of its shareholders at a public offering price of $28 per share.

In addition, Golden has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares directly from Golden at the public offering price, less underwriting discounts and commissions.

Golden will not receive any proceeds from the sale of any shares by the selling shareholders. Golden expects to use the net proceeds (if any) from the exercise of the underwriters’ option to purchase additional shares for general corporate purposes, which may include capital expenditures, acquisitions or working capital.

The offering is expected to close Tuesday, subject to the satisfaction of customary closing conditions.

Shares of Golden Entertainment gained 38 cents, or 1.35 percent, to close at $28.59 on Friday.