Baird's Investment Banking Group is pleased to announce the following transaction:

December 2021
Patrick Industries, Inc.
Convertible Notes Offering
Baird served as co-manager on this offering
$225.000 Million

Patrick Industries, Inc. ("Patrick" or the "Company") (NASDAQ: PATK) recently completed a private offering of $225.0 million aggregate principal amount of 1.75% Convertible Senior Notes due 2028 (the “Notes”). The Company also granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $33.8 million aggregate principal amount of the Notes. Net proceeds from the offering will be used to pay off the cost of convertible note hedge transactions and general corporate purposes.

Patrick is a leading component solutions provider for the RV, marine, manufactured housing and various industrial markets, including single and multi-family housing, hospitality, institutional and commercial markets. Founded in 1959, Patrick is based in Elkhart, Indiana, with over 11,000 employees and 160 businesses across the United States.

For additional information about this transaction, please contact:

Chris McMahon +1-312-609-4983
Mike Lindemann +1-414-298-7408
Justin Holsen +1-414-298-7768
Ryan Engelhardt +1-414-298-2637
Travis Waller +1-312-609-5451
Sara DePalma +1-312-609-7096