The AZEK® Company Announces Launch of Public Offering of Class A Common Stock and Partial Release of IPO Lock-Up Restriction
08 Settembre 2020 - 11:14PM
Business Wire
The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the “Company”)
announced today the launch of an underwritten public offering of
25,000,000 shares of its Class A common stock to be offered by
certain of its selling stockholders. The selling stockholders
intend to grant the underwriters a 30-day option to purchase an
additional 3,750,000 shares of Class A common stock. AZEK will not
receive any proceeds from the sale of the shares of Class A common
stock. The offering is subject to market and other conditions, and
there can be no assurance as to whether or when the offering may be
completed.
AZEK also announced today that Barclays Capital Inc. and BofA
Securities, the lead book-running managers in the Company’s recent
public sale of 38,237,500 shares of Class A common stock, intend to
release a lock-up restriction with respect to the shares of the
Company’s Class A common stock held by certain officers and
directors participating in the offering and the other selling
stockholders participating in the offering. The release will take
effect on September 10, 2020, and such shares may be sold or
otherwise disposed of on or after such date only in connection with
such offering. At such time, approximately 950,000 additional
shares of AZEK’s Class A common stock held by certain of AZEK’s
stockholders not participating in the offering will be released
from comparable lock-up restrictions.
Barclays, BofA Securities, Goldman Sachs & Co. LLC and
Jefferies are acting as joint lead book-running managers for the
offering.
The offering will be made only by means of a prospectus. Copies
of the preliminary prospectus relating to the offering may be
obtained 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.
A registration statement on Form S-1 relating to these
securities has been filed with the U.S. Securities and Exchange
Commission, but has not yet become effective. These securities may
not be sold, nor may offers to buy be accepted, prior to the time
the registration statement becomes effective.
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 and
design.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the federal securities laws. These forward-looking
statements, including statements regarding the size of 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200908006011/en/
Christine Carter Backbone Media
christine.carter@backbonemedia.net (970) 963-4873 ext. 203
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