Patrick Industries has announced that it has commenced an underwritten public offering of 1,350,000 shares of common stock. In connection with the offering, the company expects to grant the underwriters a 30-day option to purchase up to an additional 202,500 shares of common.
The company intends to use all of the net proceeds of the offering to pay down outstanding indebtedness.
The offering is being made through an underwriting group led by BofA Merrill Lynch, Wells Fargo Securities, and Baird, who are acting as joint book-running managers and as representatives of the underwriters for the common stock offering. KeyBanc Capital Markets is acting as an additional joint book-running manager for the offering.
The offering is made pursuant to an effective registration statement (including a prospectus) previously filed with the SEC. The offering will only be made by means of a prospectus supplement and the accompanying prospectus.
Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus and other documents the company has filed with the SEC for more complete information about the company and the offering. You may review electronic copies of these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the joint lead bookrunners will arrange to send you the preliminary prospectus supplement and accompanying prospectus if you request them by contacting: Merrill Lynch at 800-294-1322 or by email.
