PEABODY, Mass.--(BUSINESS WIRE)--Dec. 16, 2005--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.