Skyline Champion Corporation Announces Secondary Offering of 10,750,202 Shares of Common Stock by Selling Shareholders
ELKHART, Ind. & TROY, Mich.--(BUSINESS WIRE)--Feb 27, 2019--Skyline Champion Corporation (NYSE: SKY) (the “Company”) today announced that certain of its shareholders (the “Selling Shareholders”) intend to offer for sale 10,750,202 shares of its common stock pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission (“SEC”).
The Selling Shareholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.
Barclays Capital Inc. is acting as the sole underwriter for the offering.
The offering is being made pursuant to an effective registration statement (including a prospectus) filed by the Company with the SEC and by means of a preliminary prospectus supplement related to the offering. Before you invest, you should read the preliminary prospectus supplement, the prospectus in that registration statement and the documents incorporated by reference in each of the preliminary prospectus supplement and the accompanying prospectus. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. When available, copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained by contacting Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Barclaysprospectus@broadridge.com, (888) 603-5847.
This press release shall not constitute an offer to sell or the solicitation of an 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.
About Skyline Champion Corporation
Skyline Champion Corporation was formed in June 2018 as the result of the combination of Skyline Corporation and the operating assets of Champion Enterprises Holdings, LLC. The combined company employs more than 7,000 people and is the largest independent factory-built housing company in North America. With more than 65 years of homebuilding experience and 36 manufacturing facilities throughout the United States and western Canada, Skyline Champion is well positioned with a leading portfolio of manufactured and modular homes, park-models and modular buildings for the multi-family, hospitality, senior and workforce housing sectors.
In addition to its core home building business, Skyline Champion operates a factory-direct retail business, Titan Factory Direct, with 21 retail locations spanning the southern United States, and Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States.
Skyline Champion builds homes under some of the most well know brand names in the factory-built housing industry including Skyline Homes, Champion Home Builders, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada.
This press release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the offering. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “expects,” “may,” “will,” “should,” “seeks,” “projects,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates,” or, in each case, their negatives or other variations or comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future, including risks and uncertainties relating to the consummation of the proposed offering by the Selling Shareholders and the risks identified, or incorporated by reference, in the preliminary prospectus supplement or accompanying prospectus.
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KEYWORD: UNITED STATES NORTH AMERICA INDIANA MICHIGAN
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY
SOURCE: Skyline Champion Corporation
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PUB: 02/27/2019 04:35 PM/DISC: 02/27/2019 04:35 PM