The AZEK® Company Announces Pricing of Public Offering of Class A Common Stock
21 Enero 2021 - 08:24PM
Business Wire
The AZEK Company Inc. (NYSE: AZEK) ("AZEK") announced today the
pricing of an underwritten public offering of 20,000,000 shares of
its Class A common stock to be offered by certain of its selling
stockholders, at a price to the public of $40.00 per share. The
selling stockholders have granted the underwriters a 30-day option
to purchase up to an additional 3,000,000 shares of Class A common
stock at the public offering price, less underwriting discounts and
commissions. AZEK will not receive any proceeds from the sale of
the shares of Class A common stock. The offering is expected to
close on January 26, 2021, subject to customary closing
conditions.
Barclays, BofA Securities, Goldman Sachs & Co. LLC and
Jefferies are acting as joint lead book-running managers for the
offering. Citigroup, Credit Suisse, Deutsche Bank Securities and
RBC Capital Markets are acting as joint book-running managers, and
B. Riley Securities, Baird, Stephens Inc., Stifel, Truist
Securities and William Blair are acting as co-managers for the
offering.
A registration statement relating to the offering was declared
effective by the Securities and Exchange Commission on January 21,
2021. The offering is being made only by means of a prospectus.
Copies of the final prospectus relating to the offering may be
obtained, when available, from:
- Barclays, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847 or
by email at barclaysprospectus@broadridge.com;
- BofA Securities, NC1-004-03-43; 200 North College Street, 3rd
Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus
Department or by email at dg.prospectus_requests@bofa.com;
- Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, NY 10282, by telephone at (866)
471-2526, by facsimile at (212) 902-9316 or by email at
prospectus-ny@ny.email.gs.com; or
- Jefferies, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at
(877) 821-7388 or by email at
Prospectus_Department@Jefferies.com.
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 The AZEK® Company
The AZEK® Company Inc. is an industry-leading manufacturer of
beautiful, low-maintenance residential and commercial building
products, committed to innovation, sustainability and research
& development. Headquartered in Chicago, Illinois, the company
operates manufacturing facilities in Ohio, Pennsylvania and
Minnesota.
Forward Looking Statements
This press release includes “forward looking statements” within
the meaning of the federal securities laws. These forward-looking
statements, including with respect to the public offering,
represent AZEK’s expectations or beliefs concerning future events,
and it is possible that the results or events described in this
press release will not be achieved. Forward-looking statements
involve known and unknown risks, uncertainties and assumptions.
AZEK does not undertake any obligation, to update or revise any
forward-looking statement made in this press release to reflect
changes since the date of this press release, except as required by
law.
Source: The AZEK Company Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20210121006012/en/
Investor Relations: Solebury Trout 312-809-1093 ir@azekco.com
Media: Lisa Wolford 917-846-0881 lwolford@soleburytrout.com
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