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HOUSTON, TX (PRIME NEWSWIRE) — Houston Wire & Cable Company
(Nasdaq:HWCC) (the “Company”) announced today that it increased its previously announced
secondary offering of common stock from 5,500,000 shares to 6,500,000 shares. The price of the
offering was set at $25.00 per share. In connection with the offering, certain selling stockholders
granted the underwriters an option for a period of 30 days to purchase up to 975,000 additional
shares of common stock to cover over-allotments.
The Company will not receive any of the proceeds from the sale of shares
by the selling stockholders. A registration statement relating to the shares in this offering
has been filed with the Securities and Exchange Commission.
William Blair & Company, L.L.C. is acting as sole book-running manager
for the offering, Robert W. Baird & Co. Incorporated is the co-lead manager and BB&T Capital
Markets is acting as co-manager.
The common stock offering may be made only by means of prospectus,
copies of which may be obtained from the Company’s Investor Relations page on its website at
www.houwire.com or by contacting the following underwriters:
William Blair & Company, L.L.C.
Prospectus Department
222 West Adams
Chicago, IL 60606
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Robert W. Baird & Co. Incorporated
Syndicate Department
777 East Wisconsin Avenue, 25th Fl.
Milwaukee, WI 53202
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BB&T Capital Markets, Inc.
909 East Main Street
7th Floor
Richmond, VA 23219
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This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the offered shares, 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 Houston Wire & Cable Company
With more than 30 years of experience in the electrical industry,
Houston Wire & Cable Company is one of the largest distributors of specialty wire and
cable and related services in the U.S. electrical distribution market. Headquartered
in Houston, HWCC has sales and distribution facilities in Atlanta, Baton Rouge, Charlotte,
Chicago, Denver, Houston, Los Angeles, Philadelphia, San Francisco, Seattle and Tampa.
Standard stock items available for immediate delivery include
continuous and interlocked armor, instrumentation, medium voltage, high temperature,
portable cord, power cables and private branded products, including LifeGuard, a
low-smoke, zero-halogen cable. HWCC’s comprehensive value-added services include same-day
shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery,
logistics support, customized internet-based ordering capabilities and 24/7/365 service.
To obtain additional information, visit their website at
www.houwire.com.
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