Exhibit 99.1
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PGT INNOVATIONS PRICES PUBLIC OFFERING OF ITS COMMON STOCK
NORTH VENICE, Fla. — September 13, 2018 — PGT Innovations (NYSE: PGTI), a national leader in the premium window and door category, today announced that it has priced its previously announced underwritten public offering of 7,000,000 shares of its common stock at a price to the public of $23.00 per share. PGTI has also granted the underwriters a30-day option to purchase up to an additional 1,050,000 shares. The offering is expected to close on September 18, 2018, subject to the satisfaction of customary closing conditions.
Gross proceeds from the offering are expected to be approximately $161 million before deducting underwriting discounts and commissions and estimated offering expenses. PGTI intends to apply the net proceeds from this offering to repay indebtedness under PGTI’s existing credit facility and intends to apply any net proceeds of the underwriters’ exercise of their option to purchase additional shares to general corporate purposes.
SunTrust Robinson Humphrey, J.P. Morgan, KeyBanc Capital Markets, Jefferies, Wells Fargo Securities and Deutsche Bank Securities are serving as Joint Bookrunning Managers and Dougherty & Company is serving asCo-Manager for the offering. SunTrust Robinson Humphrey and J.P. Morgan are also serving as representatives of the underwriters for the offering.
A shelf registration statement relating to the securities being offered has been filed with the Securities and Exchange Commission (the “SEC”) and has become effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offering is being made only by means of a preliminary prospectus supplement and accompanying prospectus. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available free of charge on the SEC’s website at http://www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to this offering of securities may also be obtained from SunTrust Robinson Humphrey, Inc., Attn: Prospectus Department, 3333 Peachtree Road, NE 9th Floor, Atlanta, GA 30326, by telephone at (404)926-5744 or by email at strh.prospectus@suntrust.com or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at (866)803-9204.