By Devika Patel
Knoxville, Tenn., Oct. 26 - NCI Building Systems Inc. settled a $250 million private placement of 12% series B cumulative convertible participating preferred stock on Oct. 20, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 250,000 preferreds to Clayton, Dubilier & Rice Fund VIII, LP.
The preferreds are convertible into NCI common stock at $1.2748 per share.
NCI is a Houston-based integrated manufacturer of metal products for the nonresidential building industry.
| Issuer: | NCI Building Systems Inc.
|
| Issue: | Series B cumulative convertible participating preferred stock
|
| Amount: | $250 million
|
| Shares: | 250,000
|
| Dividends: | 12%
|
| Conversion price: | $1.2748
|
| Warrants: | No
|
| Settlement date: | Oct. 20
|
| Stock symbol: | NYSE: NCS
|
| Stock price: | $2.21 at close Oct. 20
|
| Market capitalization: | $38.6 million
|
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