2013-02-11 17:52:06 -
For Immediate Release: February 11, 2013
BOISE, Idaho - Boise Cascade Company (NYSE: BCC) ("Boise Cascade") today
announced the closing of its previously announced underwritten initial public
offering of 11,764,706 shares of its common stock at a price to the public of
$21.00 per share. In connection with the initial public offering, the
underwriters exercised in full their option to purchase an additional 1,764,706
shares of common stock from Boise Cascade. As a result, the total initial public
offering size was 13,529,412 shares.
Boise Cascade received proceeds, net of underwriters' discount and commissions
and estimated offering expenses payable by Boise Cascade, of approximately
$262.9 million from the offering. Boise Cascade intends to use $25.0 million of
the net proceeds to repay borrowings under its revolving credit facility and the
remainder for general corporate purposes.
BofA Merrill Lynch, Goldman, Sachs & Co., Deutsche Bank Securities, J.P. Morgan
and Wells Fargo Securities acted as joint book-running managers for the
offering. D.A. Davidson & Co., Moelis & Company and Piper Jaffray & Co. served
as co-managers for the offering. Copies of the prospectus relating to this
offering may be obtained from: BofA Merrill Lynch at 222 Broadway, New York, NY
10038, Attn: Prospectus Department or by emailing
dg.prospectus_requests@baml.com or from Goldman, Sachs & Co., Prospectus
Department, 200 West Street, New York, NY 10282 or by emailing prospectus-
ny@ny.email.gs.com.
A registration statement relating to these securities was declared effective by
the Securities and Exchange Commission on February 5, 2013. This news 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 Boise Cascade
Boise Cascade is a large vertically-integrated wood products manufacturer and
building materials distributor with widespread operations in the United States
and Canada. Boise Cascade is headquartered in Boise, Idaho.
Investor Relations: Wayne Rancourt, 208 384 6073
Media Relations: John Sahlberg, 208 384 6451
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Boise Cascade LLC via Thomson Reuters ONE
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