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Myers Industries Announces Proposed Public Offering Of Common Stock

Myers intends to use the net proceeds from the offering to fund growth of its business, including through selective acquisitions, to repay a portion of its outstanding indebtedness and for other general corporate purposes.

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Myers Industries Inc. has commenced an underwritten public offering of 3,750,000 shares of its common stock. All of the shares are being offered by Myers. In addition, Myers intends to grant to the underwriters a 30-day option to purchase up to an additional 562,500 shares of its common stock offered in the public offering, on the same terms and conditions.

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Myers intends to use the net proceeds from the offering to fund growth of its business, including through selective acquisitions, to repay a portion of its outstanding indebtedness and for other general corporate purposes.

J.P. Morgan Securities LLC is acting as sole active book-running manager for the offering and as representative of the underwriters. Baird is also acting as a book-running manager for the offering.

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