Patrick Industries Announces Pricing of Public Offering of Common Stock

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Patrick Industries has announced today the pricing of an underwritten public offering of 1,350,000 shares of common stock at a price to the public of $73 per share of common stock. In connection with the offering, the company has granted the underwriters a 30-day option to purchase up to an additional 202,500 shares of common stock from the company. The offering is expected to close on March 14, subject to customary closing conditions.

The company intends to use all the net proceeds of the offering to pay down a portion of its 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 prospectus supplement and the accompanying prospectus. A preliminary prospectus supplement relating to the offering has been filed with the SEC and a final prospectus supplement relating to the offering will also be filed with the SEC. You may review electronic copies of these documents for free by visiting EDGAR on the SEC website at

Alternatively, the joint lead bookrunners will arrange to send preliminary prospectus supplement and accompanying prospectus, and when available, the final prospectus supplement, if requested by contacting BofA Merrill Lynch by email or phone: 800-294-1322.


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