Benzinga | Jan 6, 2022 05:58AM EST

Core & Main Priced 20M Share Secondary Offering @$26/Share

Core & Main, Inc. (NYSE:CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, announced the pricing of its previously announced underwritten secondary public offering of 20,000,000 shares of its Class A common stock by certain selling stockholders at a public offering price of $26.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Core & Main's Class A common stock. Core & Main will not receive any proceeds from the offering. The offering is expected to close on Jan. 10, 2022, subject to customary closing conditions.

Goldman Sachs & Co. LLC, Credit Suisse and J.P. Morgan are acting as lead book-running managers for the offering. BofA Securities, Baird, Citigroup, RBC Capital Markets, Barclays and Deutsche Bank Securities are acting as additional book-running managers.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on Jan. 5, 2022. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: