NORTH VENICE, Fla., May 16, 2013 (GLOBE NEWSWIRE) -- PGT, Inc. (Nasdaq:PGTI) ("PGT") announced today that it had commenced an underwritten secondary offering (the "Offering") of 10,000,000 shares of its common stock by JLL Partners Fund IV, L.P., which owns approximately 61.5% of PGT's outstanding common stock (the "Selling Stockholder"), pursuant to PGT's shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The underwriters of the Offering will have an option to purchase up to 1,500,000 additional shares from the Selling Stockholder. The Selling Stockholder will receive all of the proceeds from the Offering. No shares are being sold by PGT.
PGT Announces Secondary Offering, Repurchase Of Its Common Stock And Debt Refinancing
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