Beacon Roofing

Aug 8, 2023

(NASDAQ: BECN ) ("Beacon") announced today the pricing of the previously announced underwritten secondary public offering of 5 million shares of Beacon's common stock by CD&R Boulder Holdings, L.P., an entity affiliated with Clayton, Dubilier & Rice, LLC, at the public offering price of $83.65 per share. Morgan Stanley is acting as the sole underwriter in the registered public offering of these shares. The offering is expected to close on August 10, 2023, subject to the satisfaction of customary closing conditions. 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. Beacon will not receive any proceeds from the sale of shares by the selling stockholder, however, Beacon will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions and certain other expenses of the selling stockholder. The offering of these shares is being conducted as a public offering pursuant to Beacon's effective shelf registration statement on Form S-3ASR under the Securities Act of 1933, as amended. The proposed offering is being made only by means of a prospectus and prospectus supplement that forms a part of the effective registration statement relating to the offering. Information about the offering is available in the final prospectus supplement being filed today with the U.S. Securities and Exchange Commission (the "SEC"). Copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department or by visiting the SEC's website located at  www.sec.gov . You should read the 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. 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 latest Form 10-K and subsequent filings with the SEC. 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. About Beacon Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. Beacon operates over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon's stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. INVESTOR CONTACT