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Stock impact report

Patrick Industries, Inc. Announces Public Offering of Common Stock

Patrick Industries, Inc. (PATK) 
Last patrick industries, inc. earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: PR Newswire
ELKHART, Ind., March 6, 2017 /PRNewswire/ -- PATRICK INDUSTRIES, INC. (NASDAQ: PATK) (the "Company") announced today that it has commenced an underwritten public offering of 1,350,000 shares of common stock. In connection with the offering, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 202,500 shares of common stock from the Company.The Company intends to use all of the net proceeds of the offering to pay down outstanding indebtedness. The offering is being made through an underwriting group led by BofA Merrill Lynch, Wells Fargo Securities, and Baird, who are acting as joint book-running managers and as representatives of the underwriters for the common stock offering. KeyBanc Capital Markets is acting as an additional joint book-running manager for the offering.The offering is made pursuant to an effective registration statement (including a prospectus) previously filed with the SEC. The offering will only be made by means of a prospec Show less Read more
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