Skyline Champion Corporation Announces Secondary Offering of 9,000,000 Shares of Common Stock by Selling
Shareholders
Skyline Champion Corporation (NYSE: SKY) (the “Company”) today announced that certain of its shareholders (the “Selling
Shareholders”) intend to offer for sale 9,000,000 shares of its common stock pursuant to the Company’s shelf registration statement
filed with the Securities and Exchange Commission. In addition, the Selling Shareholders expect to grant the underwriters a 30-day
option to purchase up to an additional 1,350,000 shares from the Selling Shareholders.
The Selling Shareholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.
Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC and Jefferies LLC will act as lead bookrunning managers, Barclays
Capital Inc. and SunTrust Robinson Humphrey, Inc. will act as bookrunning managers and Craig-Hallum Capital Group LLC, Citizens
Capital Markets, Inc. and CJS Securities, Inc. will act as co-managers for the offering.
The offering is being made pursuant to an effective registration statement (including a prospectus) filed by the Company with
the Securities and Exchange Commission (“SEC”) and by means of a preliminary prospectus supplement related to the offering. Before
you invest, you should read the preliminary prospectus supplement and the prospectus in that registration statement and the
documents incorporated by reference in that registration statement. You may obtain these documents for free by visiting EDGAR on
the SEC website at www.sec.gov. When available, copies of the prospectus supplement and accompanying prospectus related to the
offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, Eleven Madison Avenue, New
York, NY 10010, or by calling (800) 221-1037 or emailing newyork.prospectus@credit-suisse.com; by contacting RBC Capital Markets, LLC, Attn: Prospectus Department, 200 Vesey
Street, 8th Floor, New York, NY 10281 or by calling (866) 375-6829 or emailing equityprospectus@rbccm.com; or by contacting Jefferies LLC, Attn: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by calling (877) 547-6340, or
emailing Prospectus_Department@Jefferies.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 Skyline Champion Corporation
Skyline Champion Corporation was formed in June of 2018 as the result of the combination of Skyline Corporation and the
operating assets of Champion Enterprises Holdings, LLC. The combined company employs more than 6,800 people and is the largest
independent factory-built housing company in North America. With more than 65 years of homebuilding experience and 36 manufacturing
facilities throughout the United States and western Canada, Skyline Champion is well positioned with a leading portfolio of
manufactured and modular homes, park-models and modular buildings for the multi-family, hospitality, senior and workforce housing
sectors.
In addition to its core home building business, Skyline Champion operates a factory-direct retail business, Titan Factory
Direct, with 21 retail locations spanning the southern United States, and Star Fleet Trucking, providing transportation services to
the manufactured housing and other industries from 10 dispatch locations across the United States.
Skyline Champion builds homes under some of the most well know brand names in the factory-built housing industry including
Skyline Homes, Champion Home Builders, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore
Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada.
Forward-Looking Statements
This press release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or
projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, including statements regarding the offering. These forward-looking statements can generally be identified by the
use of forward-looking terminology, including the terms “believes,” “expects,” “may,” “will,” “should,” “seeks,” “projects,”
“approximately,” “intends,” “plans,” “estimates,” or “anticipates,” or, in each case, their negatives or other variations or
comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events
and depend on circumstances that may or may not occur in the future, including risks and uncertainties relating to the consummation
of the proposed offering by the Selling Shareholders and the risks identified, or incorporated by reference, in the prospectus
supplement or accompanying prospectus.
Skyline Champion Corporation
Investors:
investorrelations@championhomes.com
or
Media:
Laurie Hough
lhough@championhomes.com
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