Beacon (BECN) prices 5 milllion share secondary offering

Beacon (NASDAQ: BECN) 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. RBC Capital Markets is acting as the sole underwriter in the registered public offering of these shares. The offering is expected to close on December 11, 2023, subject to the satisfaction of customary closing conditions.

The underwriter will have a 30-day option to purchase up to an additional 750,000 shares of Beacon common stock from the selling stockholder. The selling stockholder will receive all of the net proceeds from this offering and will continue to hold 5,218,134 shares of Beacon common stock after the completion of the offering, or 4,468,134 if the underwriter exercises its option to purchase additional shares. 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.

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