HERNDON,
Va., Aug. 8, 2023 /PRNewswire/ -- Beacon
Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today the
pricing of the previously announced underwritten secondary public
offering of 5 million shares of Beacon's common stock by CD&R
Boulder Holdings, L.P., an entity affiliated with Clayton,
Dubilier & Rice, LLC, at the public offering price of
$83.65 per share. Morgan Stanley is
acting as the sole underwriter in the registered public offering of
these shares. The offering is expected to close on August 10,
2023, subject to the satisfaction of customary closing
conditions.
No shares are being sold by Beacon, and the total number of
Beacon's shares outstanding will not change as a result of the
offering. Beacon will not receive any proceeds from the sale of
shares by the selling stockholder, however, Beacon will bear the
costs associated with the sale of such shares, other than any
underwriting discounts and commissions and certain other expenses
of the selling stockholder.
The offering of these shares is being conducted as a public
offering pursuant to Beacon's effective shelf registration
statement on Form S-3ASR under the Securities Act of 1933, as
amended. The proposed offering is being made only by means of a
prospectus and prospectus supplement that forms a part of the
effective registration statement relating to the offering.
Information about the offering is available in the final prospectus
supplement being filed today with the U.S. Securities and Exchange
Commission (the "SEC"). Copies of the prospectus supplement and the
accompanying prospectus relating to the offering may be obtained by
contacting Morgan Stanley & Co. LLC, 180 Varick Street, 2nd
Floor, New York, NY 10014,
Attention: Prospectus Department or by visiting the SEC's website
located at www.sec.gov. You should read the prospectus
supplement and the accompanying prospectus and other documents
Beacon has filed with the SEC for more complete information about
Beacon and this offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains information about management's view
of Beacon's future expectations, plans and prospects that
constitute forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various
important factors, including, but not limited to, those set forth
in the "Risk Factors" section of Beacon's latest Form 10-K and
subsequent filings with the SEC. In addition, the forward-looking
statements included in this press release represent Beacon's views
as of the date of this press release and these views could change.
However, while Beacon may elect to update these forward-looking
statements at some point, Beacon specifically disclaims any
obligation to do so, other than as required by federal securities
laws. These forward-looking statements should not be relied upon as
representing Beacon's views as of any date subsequent to the date
of this press release.
About Beacon
Founded in 1928, Beacon is a Fortune 500, publicly traded
distributor of building products, including roofing materials and
complementary products, such as siding and waterproofing. Beacon
operates over 500 branches throughout all 50 states in the U.S. and
6 provinces in Canada. Beacon
serves an extensive base of nearly 100,000 customers, utilizing its
vast branch network and diverse service offerings to provide
high-quality products and support throughout the entire business
lifecycle. Beacon offers its own private label brand,
TRI-BUILT®, and has a proprietary digital account
management suite, Beacon PRO+, which allows customers to manage
their businesses online. Beacon's stock is traded on the Nasdaq
Global Select Market under the ticker symbol BECN.
INVESTOR CONTACT
Binit Sanghvi
VP, Capital Markets and Treasurer
Binit.Sanghvi@becn.com
972-369-8005
MEDIA CONTACT
Jennifer Lewis
VP, Communications and Corporate Social Responsibility
Jennifer.Lewis@becn.com
571-752-1048
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SOURCE Beacon Roofing Supply, Inc.