PEABODY, Mass.--(BUSINESS WIRE)--Dec. 8, 2005--Beacon Roofing
Supply, Inc. (NASDAQ: BECN) today announced that it is offering 2
million shares of its common stock in an underwritten offering.
Selling stockholders are also offering 6.75 million shares.
The net proceeds to the company from the offering will be used for
the repayment of debt. The company will not receive any proceeds from
sales by the selling stockholders.
In connection with the offering, certain selling stockholders will
grant the underwriters an option for a period of 30 days to purchase
up to an additional approximately 1.3 million shares of the company's
common stock to cover over-allotments.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement becomes
effective.
J.P. Morgan Securities Inc. is acting as sole book running manager
and joint lead manager for the offering, and William Blair & Company,
L.L.C. is also 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, 978-535-7668
SOURCE: Beacon Roofing Supply, Inc.