The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Mar 10, 2017
ELKHART, Indiana - Patrick Industries has announced the pricing of an underwritten public offering of 1.35 million shares of common stock at a price to the public of $73 per share of common stock. In connection with the offering, the company has granted the underwriters a 30-day option to purchase up to an additional 202,500 shares of common stock from the company. The offering is expected to close on March 14, subject to customary closing conditions.
The company intends to use all of the net proceeds of the offering to pay down a portion of its outstanding indebtedness.
The offering is being made through an underwriting group led by BofA Merrill Lynch, Wells Fargo Securities and Baird, who are acting as joint book-running managers and as representatives of the underwriters for the common stock offering. KeyBanc Capital Markets is acting as an additional joint book-running manager for the offering.
The offering is made pursuant to an effective registration statement (including a prospectus) previously filed with the SEC. The offering will only be made by means of a prospectus supplement and the accompanying prospectus. A preliminary prospectus supplement relating to the offering has been filed with the SEC and a final prospectus supplement relating to the offering will also be filed with the SEC. You may review electronic copies of these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the joint lead bookrunners will arrange to send you the preliminary prospectus supplement and accompanying prospectus, and when available, the final prospectus supplement, if you request them.