PEABODY,
Mass.--(BUSINESS WIRE) Beacon Roofing Supply, Inc. (Nasdaq:
BECN), a leading distributor of roofing materials in key metropolitan
markets in the Northeast, Mid-Atlantic, Southeast and Southwest
regions of the United States and in Eastern Canada, today
announced the public offering of 13.5 million shares of common
stock at a price of $13.00 per share. In the offering, the
Company is selling 8.5 million shares and selling stockholders
of the Company are selling 5.0 million shares. In addition,
certain selling stockholders have granted the underwriters
a 30-day option to purchase up to an additional 2,025,000
shares of common stock to cover over-allotments, if any.
The Company will use the net proceeds from
this offering to repay debt and redeem warrants. The Company
will not receive any of the proceeds from the sale of shares
by the selling stockholders.
J.P. Morgan Securities Inc. is acting as
sole book-running manager and joint lead manager of the offering
and William Blair & Company, L.L.C. is also acting as
joint lead manager. The shares will begin trading on The NASDAQ
Stock Market's National Market under the symbol "BECN"
on September 23, 2004. |