PEABODY, Mass.--(BUSINESS WIRE)--Sept. 22, 2004--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.
The common stock offering may be made only by means of prospectus,
copies of which may be obtained by contacting:
J.P. Morgan Securities Inc.
Prospectus Department
One Chase Manhattan Plaza, Floor 5B
New York, NY 10081
Telephone: 212-552-5164
William Blair & Company, L.L.C.
Prospectus Department
222 West Adams
Chicago, IL 60606
Telephone: 800-621-0687
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission. 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.
CONTACT: Beacon Roofing Supply, Inc.
David Grace, 877-645-7663
SOURCE: Beacon Roofing Supply, Inc.