Norcraft Companies, Inc. Announces Launch Of Initial Public Offering Of Common Stock

Norcraft Companies, Inc. (“we,” the “Company” or “Norcraft”), a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada, announced today the launch of its initial public offering of 5,882,353 shares of its common stock. The initial public offering price is expected to be between $16.00 to $18.00 per share. The Company expects to grant the underwriters an option to purchase up to an additional 882,353 shares of common stock. The Company has been approved to list its common stock on the New York Stock Exchange under the symbol "NCFT." The offering is subject to market and other conditions, and there can be no assurance 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 from the offering to repay indebtedness and to fund certain formation transaction costs.

Citigroup, UBS Investment Bank, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-runners of the offering. KeyBanc Capital Markets and Stephens Inc. are acting as co-managers. The offering of these securities is being made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from:
    Citigroup       UBS Investment Bank
1155 Long Island Avenue

299 Park Avenue
Edgewood, NY 11717 New York, NY 10171
Attention: Broadridge Financial Solutions Attention: Prospectus Department

Email: batprospectusdept@citi.com
Phone: (888) 827-7275
Phone: (800) 831-9146
 
Deutsche Bank Securities RBC Capital Markets
60 Wall Street Three World Financial Center
New York, NY 10005-2836 200 Vesey Street, 10th Floor
Attention: Prospectus Group New York, New York 10281-8098

Email: prospectus.cpdg@db.com

Email: USA-Prospectus@rbc.com
Phone: (800) 503-4611 Phone: (877) 280-1299

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective, and, even then, the securities may only be sold pursuant to the registration statement and final prospectus. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, 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.

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