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REV Group logoREV Group announced that it is planning to release its first quarter 2017 results after the market close on March 7. The company will also hold a conference call to discuss its results at 11 a.m. EDT on March 8.

The Milwaukee-based specialty vehicle maker, which builds motorhomes under the Monaco, Fleetwood, American Coach and Holiday Rambler brands, reported in January that it expected to raise $231.4 million in its initial public offering (IPO) and use the money to pay down long-term debt. The potential total proceeds from the IPO represent a significant increase over the company’s initial filings, which suggested it would raise $100 million.

According to a Milwaukee BizTimes report, the company plans to offer 12.5 million shares of common stock in the offering and is expecting it to be priced between $19 and $21 per share.

REV Group plans to use approximately $192.1 million to pay off its outstanding senior secured notes, which have a fixed interest rate of 8.5% and mature on Nov. 1, 2019. The company will also use up to $39.3 million to pay on its asset-based loans.