HERNDON, Va.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today
the commencement of an underwritten secondary public offering of
8,536,500 shares of Beacon's common stock by CD&R Roadhouse Holdings,
L.P., an entity affiliated with Clayton, Dubilier & Rice, LLC. Credit
Suisse is acting as the sole underwriter in the registered public
offering of those shares. The selling stockholder will receive all of
the net proceeds from this offering and will not hold any shares of
Beacon common stock after the completion of the offering. No shares are
being sold by Beacon, and the total number of Beacon's shares
outstanding will not change as a result of the offering.
The last reported sale price on NASDAQ of Beacon common stock on May 16,
2016 was $43.11 per share. Credit Suisse proposes to offer for sale the
shares of Beacon common stock from time to time in one or more
transactions on NASDAQ, in the over-the-counter market, through
negotiated transactions or otherwise at market prices prevailing at the
time of sale, at prices related to prevailing market prices or at
negotiated prices, subject to receipt and acceptance by it and subject
to its right to reject any order in whole or in part.
The offering is being conducted as a public offering pursuant to
Beacon's effective shelf registration statement under the Securities Act
of 1933, as amended, which registration statement includes a prospectus
relating to the shares. Information about the offering is available in
the preliminary prospectus supplement being filed today with the U.S.
Securities and Exchange Commission (the "SEC"). Copies of the
preliminary prospectus supplement and the accompanying prospectus
relating to the offering, and the final prospectus supplement, when
available, may be obtained by contacting Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department, One Madison Avenue, New York, New
York, 10010, or by telephone at +1 (800) 221-1037, or by email at
newyork.prospectus@credit-suisse.com or by visiting the SEC's website
located at www.sec.gov.
You should read the preliminary prospectus supplement and the
accompanying prospectus and other documents Beacon has filed with the
SEC for more complete information about Beacon and this offering.
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.
About Beacon Roofing Supply
Founded in 1928, Beacon Roofing Supply, Inc. is the largest publicly
traded distributor of residential and commercial roofing materials and
complementary building products, operating 369 branches throughout 45
states in the U.S. and six provinces in Canada.
Forward-Looking Statements
This press release contains information about management's view of
Beacon'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 Beacon's most recent Form 10-K and subsequent SEC filings. In
addition, the forward-looking statements included in this press release
represent Beacon's views as of the date of this press release and these
views could change. However, while Beacon may elect to update these
forward-looking statements at some point, Beacon 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 Beacon's views as of any date subsequent to the date of
this press release.
BECN-F

View source version on businesswire.com: http://www.businesswire.com/news/home/20160516006627/en/
Beacon Roofing Supply, Inc.
Joseph Nowicki, 571-323-3940
Executive
Vice President & Chief Financial Officer
JNowicki@becn.com
Source: Beacon Roofing Supply, Inc.
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