Boise Cascade Raises IPO Price
February 5, 2013 by Paul AusickBoise Cascade expects to use $25 million of the net proceeds to repay borrowings on its revolving credit facility and the remainder for general corporate purposes. Following the IPO, there will be 41.46 million shares outstanding and another 3 million shares have been reserved for a management equity incentive plan the company plans to adopt along with the IPO.
The company manufactures and distributes a variety of wood products used in the construction business. Now, when new home sales are recovering, is a good time for Boise Cascade to hit the markets. The IPO pricing boost makes that pretty clear.
The SEC filing is available here.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.