2013-01-23 13:19:56 -
For Immediate Release: January 23, 2013
BOISE, Idaho - Boise Cascade, L.L.C. (to be converted to a corporation and
renamed Boise Cascade Company, "Boise Cascade") today announced that it has
commenced an underwritten initial public offering of 11,764,706 shares of its
common stock pursuant to a registration statement on Form S-1 filed with the
Securities and Exchange Commission (the "Commission"). In connection with the
offering, Boise Cascade intends to grant the underwriters a 30-day option to
purchase up to an additional 1,764,706 shares. The estimated price range for the
initial public offering is $16.00 to $18.00 per share. Boise Cascade has been
approved to list its common stock on the New York Stock Exchange, subject to
official notice of issuance, under the symbol "BCC."
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.
The registration statement on Form S-1 relating to these securities has been
filed with the 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. Copies of the registration statement can be
accessed through the Commission's website at www.sec.gov. 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.
The offering will be made only by means of a prospectus. Copies of the
preliminary prospectus related to the offering may be obtained from BofA Merrill
Lynch at 222 Broadway, New York, NY 10038, Attn: Prospectus Department or by
or from Goldman, Sachs & Co.,
Prospectus Department, 200 West Street, New York, NY 10282 or by emailing
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 or the terms upon which we will consummate the
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
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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