Latham & Watkins Advises on Blue Bird Corporation’s Secondary Public Offering

Blue Bird Corporation (Nasdaq: BLBD), a leader in electric and low-emission school buses, has announced the pricing of an underwritten secondary public offering by certain stockholders of Blue Bird (the Selling Stockholders) of 4,500,000 shares of Blue Bird’s common stock, par value US$0.0001 per share, at a price to the public of US$20.00 per share. The offering is expected to close on June 12, 2023, subject to the satisfaction of customary closing conditions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The Company is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partner Stelios Saffos and Chicago partner Scott Westhoff, with associates Claire Solimine, Matt Schlanger, Ian Lachow, Omeed Valipour, Chelsea Carlson, and Madison Venezia. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim and Chicago partner Nineveh Alkhas, with associate Michael Yu.