2013-02-06 04:51:21 -
For Immediate Release: February 5, 2013
BOISE, Idaho - Boise Cascade Company (formerly known as Boise Cascade, L.L.C.,
"Boise Cascade") today announced the pricing of its 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 offering, Boise Cascade has granted the
underwriters a 30-day option to purchase up to an additional 1,764,706 shares.
The shares will be listed on the New York Stock Exchange beginning on February
6, 2013 and will trade under the symbol "BCC." The offering is expected to close
on February 11, 2013.
Boise Cascade expects to receive proceeds, net of underwriters' discount and
commissions and estimated offering expenses payable by Boise Cascade, of
approximately $228.4 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 are acting as joint book-running managers for the
offering. D.A. Davidson & Co., Moelis & Company and Piper Jaffray & Co. are
serving 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
or from Goldman, Sachs & Co., Prospectus
Department, 200 West Street, New York, NY 10282 or by emailing prospectus-
A registration statement relating to these securities was declared effective by
the Securities and Exchange Commission on February 5, 2013. 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 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.
This press release contains forward-looking statements, which are subject to
substantial risks, uncertainties and assumptions. You should not place reliance
on these statements. Forward-looking statements include information concerning
the proposed offering. These statements often include words such as "believe,"
"expect," "anticipate," "intend," "plan,"
"estimate," "seek," "will," "may" or
similar expressions. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that we will
effect an initial public offering. Accordingly, you should not place undue
reliance on these forward-looking statements. All such statements speak only as
of the date made, and we undertake no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information, future
events or otherwise.
Investor Relations Contact: Wayne Rancourt, 208 384 6073
Media Contact: John Sahlberg, 208 384 6451
This announcement is distributed by Thomson Reuters on behalf of
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(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