CSW Industrials Announces Public Offering of Common Stock
05 September 2024 - 6:18AM
CSW Industrials, Inc. (Nasdaq: CSWI), announced that it has
commenced an underwritten public offering of 1,000,000 shares of
common stock. In connection with this offering, the Company expects
to grant the underwriters a 30-day option to purchase up to 150,000
additional shares at the public offering price, less the
underwriting discounts and commissions. The offering is subject to
market and other conditions, and there can be no assurances as to
whether or when the offering may be completed, or as to the actual
size or terms of the offering.
The Company intends to use the net proceeds to repay outstanding
debt, with the remainder for general corporate purposes, including
potential future acquisitions. J.P. Morgan, Goldman Sachs & Co.
LLC and Truist Securities are acting as lead book-running managers.
Wells Fargo Securities and Citigroup are acting as joint
book-running managers. CJS Securities, Comerica Securities,
TPH&Co., the energy business of Perella Weinberg Partners and
Zions Capital Markets are acting as co-managers of the
offering.
The shares described above are being offered by the Company
pursuant to the Company’s shelf registration statement on Form S-3,
including a base prospectus, that was previously filed by the
Company with the Securities and Exchange Commission (“SEC”) and
that became automatically effective on September 4, 2024. The
offering will be made only by means of a preliminary prospectus
supplement and the accompanying base prospectus, which are
available for free on the SEC’s website located at
http://www.sec.gov. Alternatively, the underwriters will arrange to
send you the preliminary prospectus supplement and related base
prospectus if you request them by contacting: J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717 or by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com or Goldman Sachs & Co.
LLC, Attention: Prospectus Department, 200 West Street, New York,
New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316
or by emailing prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any shares of the Company’s common
stock or any other security, nor shall there be any offer or sale
of any such 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 such state or
jurisdiction.
Safe Harbor Statement
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. Words such as “expects”
or “intends” or other similar expressions are intended to identify
forward-looking statements. Such statements relate to the proposed
public offering and the anticipated use of the net proceeds from
the offering. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all.
The forward-looking statements included in this press release
are based on our current expectations, projections, estimates, and
assumptions. These statements are only predictions, not guarantees.
Such forward-looking statements are subject to numerous risks and
uncertainties that are difficult to predict. These risks and
uncertainties may cause actual results to differ materially from
what is forecast in such forward-looking statements, and include,
without limitation, the risk factors described from time to time in
our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K.
All forward-looking statements included in this press release
are based on information currently available to us, and we assume
no obligation to update any forward-looking statement except as may
be required by law.
About CSW Industrials
CSW Industrials is a diversified industrial growth company with
industry-leading operations in three segments: Contractor
Solutions, Specialized Reliability Solutions, and Engineered
Building Solutions. CSWI provides niche, value-added products with
two essential commonalities: performance and reliability. The
primary end markets we serve with our well-known brands include:
HVAC/R, plumbing, general industrial, architecturally-specified
building products, energy, mining, and rail transportation.
Investor RelationsAlexa HuertaVice President,
Investor Relations, &
Treasurer214-489-7113alexa.huerta@cswindustrials.com
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