Hayward officially began trading on the NYSE March 12, 2021. The pool equipment manufacturer joined a growing number of large manufacturers that have gone IPO. Back in February, the company announced it’s intention to list themselves on the New York Stock Exchange. Hayward CEO Kevin Holleran had the privilege of ringing the closing bell this afternoon.

Hayward stock will be trading under the stock symbol HAYW. The company plans to sell 40,277,778 shares of its common stock at $17 per share.

“This is a tribute to 95 years of building this great brand, the most known and trusted brand in the pool industry. It’s just spectacular for our present and past employees.”

KEVIN HOLLERAN – CEO of HAYWARD

Holleran who first joined Hayward back in 2019 says that it was his aspiration to take the company public since day one. “To be able to access the public markets, be able to de-lever some of our debt, give us some financial flexibility and optionality to start funding some go-forward growth initiatives.” said Holleran.

Hayward IPO Details

In regulatory filings, Hayward said it’s intention is to use the proceeds from the IPO to pay down some $300 million in debt. Hayward said that it aims over $725 million dollar with it’s IPO launch. In a company press release company press release, Hayward stated it’s intention to use the net proceeds it receives to repay outstanding debt under its senior secured credit facilities and will not receive any proceeds from the sale of shares of common stock by the existing stockholders.

The announcement of the IPO comes recently on the heels of the death of the companies former owner and chairman Oscar Davis. Davis owned the company since 1964 until 2017, when it was then sold to a private equity firm.

From the Official Press Release

BofA Securities, Goldman Sachs & Co. LLC and Nomura are acting as booking managers. Credit Suisse, Morgan Stanley, Baird, Guggenheim Securities and Jefferies are also acting as joint bookrunning managers. BMO Capital Markets, KeyBanc Capital Markets, William Blair, Houlihan Lokey and Moelis & Company are acting as co-managers.

This offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: BofA Securities, Attention: Prospectus Department, 200 North College Street, 3rd Floor, Charlotte, NC 28255, telephone: 1-800-294-1322 or email: dg.prospectus_requests@bofa.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or email: prospectus-ny@ny.email.gs.com; or Nomura, Attention: Equity Syndicate Department, Worldwide Plaza, 309 West 49th Street, New York, NY 10019, telephone: 212-667-9000 or email: equitysyndicateamericas@nomura.com.

About Hayward Holdings

Hayward Holdings, Inc. is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. Headquartered in Berkeley Heights, NJ, Hayward designs, manufactures, and markets a full line of innovative, energy-efficient pool and spa equipment, with brands including AquaVac^®, AquaRite^®, ColorLogic^®, Navigator^®, OmniLogic^®, OmniHub, TriStar^®, Super Pump^®, TurboCell^®, pHin, CAT Controllers^®, HCP Pumps and Saline C^® Series.

Media Relations Contact:
Lisa Wolford
917-846-0881
lwolford@soleburytrout.com

Investor Relations Contact:
Hayward Investor Relations
908-288-9706
investor.relations@hayward.com

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