PEABODY,
Mass.--(BUSINESS WIRE)--Beacon Roofing Supply,
Inc. ("Beacon") (NASDAQ: BECN) today announced
the pricing of its previously announced public offering of
2 million shares of common stock at $27.50 per share. Beacon
expects to receive the proceeds from the sale of these shares
on December 21, 2005. Selling stockholders are also selling
6.75 million shares in the offering.
The
net proceeds to Beacon from the offering will be used for
the repayment of debt. Beacon will not receive any
proceeds from the sales by the selling stockholders.
In
connection with the offering, certain selling stockholders have granted the underwriters
an option for a period of 30 days to purchase up to an additional
approximately 1.3 million shares of Beacon's common stock to cover over-allotments.
A registration statement relating to the offering has been
declared effective
by the Securities and Exchange Commission.
J.P.
Morgan Securities Inc. is acting as sole book running manager
for the offering,
and William Blair & Company, L.L.C. is acting as joint lead manager. The
offering is made only through a prospectus, a copy of which may be obtained by
requesting it by e-mail at prospectus.library@jpmorgan.com or by writing Chase
Distribution & Support Service, 1 Chase Manhattan Plaza, Floor 5B, New York,
New York 10081.
About Beacon Roofing Supply, Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products operating 138
branches in 29 states in the Northeast,
Mid-Atlantic, Midwest, Central Plains, Southeast and Southwest regions of the
United States and in Eastern Canada.
Forward-Looking Statements:
This
release contains information about management's view of the Company'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 the Company's latest Form 10-K. In addition, the forward-looking statements
included in this press release represent the Company's views as of the date of
this press release and these views could change. However, while the Company may
elect to update these forward-looking statements at some point, the Company 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
the Company's views as of any date subsequent to the date of this press release.
CONTACT:
Beacon Roofing Supply, Inc.
Dave Grace, CFO, 978-535-7668 x14
SOURCE: Beacon Roofing Supply, Inc.
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