GMS Announces Pricing of Secondary Public Offering of Common Stock
December 11 2017 - 8:00PM
Business Wire
GMS Inc. (NYSE:GMS) (the “Company”), a leading North American
distributor of gypsum wallboard and suspended ceiling systems,
announced today the pricing of an underwritten secondary public
offering of 5,000,000 shares of common stock by certain of the
Company’s existing stockholders, including certain affiliates of
AEA Investors LP (collectively, the “Selling Stockholders”), at a
price to the public of $38.25 per share. The offering is expected
to close on December 14, 2017, subject to the satisfaction of
customary closing conditions.
The Company is not selling any shares in this offering and will
not receive any proceeds from the sale of shares being sold by the
Selling Stockholders in this offering.
Morgan Stanley is acting as sole underwriter for the
offering.
An automatic shelf registration statement (including a
prospectus) relating to these securities was filed on December 11,
2017 with the Securities and Exchange Commission (the “SEC”) and
became effective upon such filing. Before you invest, you should
read the prospectus in that registration statement and the
documents incorporated by reference in that registration statement,
as well as the prospectus supplement related to this offering.
Copies of these documents are available at no charge on the SEC’s
website at www.sec.gov. Alternatively, copies of the prospectus
supplement and the accompanying prospectus, when available, may be
obtained from Morgan Stanley & Co. LLC, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
The offering of these securities is being made only by means of
a prospectus supplement and an accompanying prospectus. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities 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 GMS:
Founded in 1971, GMS operates a network of more than 210
distribution centers across the United States. GMS’s extensive
product offering of wallboard, suspended ceilings systems and
complementary interior construction products is designed to provide
a comprehensive one-stop-shop for our core customer, the interior
contractor who installs these products in commercial and
residential buildings.
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GMS Inc.Investor Relations:ir@gms.com678-353-2883
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