Feb 12, 2013. /Lesprom Network/. Boise Cascade Company announced the closing of its previously announced underwritten initial public offering of 11,764,706 shares of its common stock at a price to the public of $21.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 1,764,706 shares of common stock from Boise Cascade. As a result, the total initial public offering size was 13,529,412 shares, as the company said in a press release received by Lesprom Network. Boise Cascade received proceeds, net of underwriters’ discount and commissions and estimated offering expenses payable by Boise Cascade, of approximately $262.9 million from the offering. Boise Cascade intends to use $25 million of the net proceeds to repay borrowings under its revolving credit facility and the remainder for general corporate purposes. Boise Cascade is a large vertically-integrated wood products manufacturer and building materials distributor with widespread operations in the United States and Canada.