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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AZEK Company Inc | NYSE:AZEK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.39 | 3.18% | 45.08 | 45.35 | 43.98 | 44.21 | 378,039 | 16:37:45 |
The AZEK Company Inc. (NYSE: AZEK) ("AZEK") announced today the pricing of an underwritten public offering of 20,000,000 shares of its Class A common stock to be offered by certain of its selling stockholders, at a price to the public of $40.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. AZEK will not receive any proceeds from the sale of the shares of Class A common stock. The offering is expected to close on January 26, 2021, subject to customary closing conditions.
Barclays, BofA Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers for the offering. Citigroup, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers, and B. Riley Securities, Baird, Stephens Inc., Stifel, Truist Securities and William Blair are acting as co-managers for the offering.
A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on January 21, 2021. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from:
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 & development. Headquartered in Chicago, Illinois, the company operates manufacturing facilities in Ohio, Pennsylvania and Minnesota.
Forward Looking Statements
This press release includes “forward looking statements” within the meaning of the federal securities laws. These forward-looking statements, including with respect to 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.
Source: The AZEK Company Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210121006012/en/
Investor Relations: Solebury Trout 312-809-1093 ir@azekco.com Media: Lisa Wolford 917-846-0881 lwolford@soleburytrout.com
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