HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (NASDAQ: BECN) (“Beacon”) announced today that it is offering to sell, subject to market and other conditions, $300.0 million in shares of its common stock in an underwritten public offering. In connection with the offering, Beacon will grant the underwriters a 30-day option to purchase up to an additional $45.0 million in shares of its common stock.

Beacon expects to use the net proceeds from the offering, together with the net proceeds of the previously announced committed convertible preferred equity financing from an entity affiliated with the investment firm Clayton, Dubilier & Rice LLC and the proposed debt financing, to finance the previously announced acquisition (the “Allied Acquisition”) of Allied Building Products Corp. (“Allied”) and to pay related fees and expenses. Subsequent to the offering, Beacon expects to reduce the amount of the committed convertible preferred equity financing to a minimum of $400.0 million and to use any remaining net proceeds from the offering to reduce the amount of borrowings incurred in its proposed debt financing. The offering is not contingent on the completion of the Allied Acquisition. If the Allied Acquisition is not completed, Beacon expects to use the net proceeds from the offering for general corporate purposes, which may include strategic acquisitions or the repayment of existing debt.

Citigroup and Wells Fargo Securities are serving as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, RBC Capital Markets and SunTrust Robinson Humphrey are also serving as joint book-running managers of the offering, and Baird, C.L. King & Associates, Raymond James, Seaport Global Securities and William Blair are serving as co-managers.

About Beacon Roofing Supply, Inc.

Founded in 1928, Beacon Roofing Supply, Inc. is the largest publicly traded distributor of residential and commercial roofing materials and complementary building products, operating 383 branches throughout 48 states in the U.S. and 6 provinces in Canada. To learn more about Beacon and its family of regional brands, please visit www.becn.com.