Beacon Roofing Supply sets Monday investor call for $300 million offering of eight-year notes

By Paul A. Harris

Portland, Ore., Sept. 18 – Beacon Roofing Supply Inc. plans to participate in a conference call with investors on Monday to discuss a $300 million offering of eight-year senior notes (B3/B+), according to a syndicate source.

The call is scheduled to get under way at 12:30 p.m. ET.

The Rule 144A and Regulation S offering is also set to run an investor roadshow, which includes a New York lunch scheduled for 12:30 p.m. ET on Monday, and a Boston lunch at 12:30 p.m. ET on Tuesday.

The deal is set to price Thursday.

Wells Fargo Securities LLC is the left bookrunner. Citigroup Global Markets Inc., BofA Merrill Lynch, J.P. Morgan Securities LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunners.

The notes come with three years of call protection.

Proceeds, along with proceeds from the company's new $1.15 billion credit facility, will be used to fund the cash consideration of the acquisition of Dallas-based roofing supplies wholesale distributor Roofing Supply Group (RSG), and repay certain existing debt of RSG.

Beacon Roofing Supply is a Herndon, Va.-based distributor of residential and commercial roofing materials and complementary building products.

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