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Beacon (BECN) Announces Secondary Offering of 5 Million Shares of Common Stock

December 6, 2023 4:22 PM EST

Beacon (NASDAQ: BECN) ("Beacon") announced today the commencement of an 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 those shares. The selling stockholder intends to grant the underwriter a 30-day option to purchase up to an additional 750,000 shares from the selling stockholder.

Following the completion of this offering, the selling stockholder will continue to hold 5,218,134 shares of Beacon common stock (or 4,468,134 shares if the underwriter's option to purchase additional shares is exercised in full). Beacon is not selling any shares of common stock and will not receive any proceeds from the offering. The total number of Beacon's shares outstanding will not change as a result of the offering.

The last reported sale price on the Nasdaq Global Select Market of Beacon common stock on December 5, 2023 was $82.69 per share. RBC Capital Markets proposes to offer for sale the shares of Beacon common stock from time to time in one or more transactions on the Nasdaq Global Select Market, 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 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 will be made only by means of a prospectus and prospectus supplement that will form part of the effective registration statement relating to the offering. 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 RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, New York, New York 10281, or by telephone at (877) 822-4089, or by email at [email protected] 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.



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