AdvancePierre Foods Announces Closing of Secondary Offering & Full Exercise of Underwriters’ Option to Purchase Additional ...
24 Gennaio 2017 - 11:55PM
Business Wire
AdvancePierre Foods Holdings, Inc. (“AdvancePierre”), a leading
national producer and distributor of sandwiches, sandwich
components and other entrées and snacks, today announced the
closing of the previously announced underwritten secondary offering
of shares of its common stock held by certain of its stockholders,
including funds managed by Oaktree Capital Management, L.P. and
members of AdvancePierre’s management, at $27.00 per share. The
selling stockholders sold 14,375,000 shares of common stock,
including 1,875,000 shares of common stock pursuant to the full
exercise by the underwriters of their option to purchase additional
common stock from the selling stockholders at $27.00 per share,
less underwriting discounts and commissions. The selling
stockholders received all of the proceeds of the offering.
AdvancePierre did not offer any shares of its common stock in the
offering and did not receive any proceeds from the offering.
Morgan Stanley, Credit Suisse and Barclays acted as joint lead
book-running managers for the offering and as representatives of
the underwriters. BMO Capital Markets, Deutsche Bank Securities,
Goldman, Sachs & Co. and Wells Fargo Securities also acted as
joint book-running managers for the offering. A registration
statement, including a prospectus, on Form S-1 relating to these
securities has been filed with, and declared effective by, the U.S.
Securities and Exchange Commission. A copy of the final prospectus
related to the offering may be obtained from: Morgan Stanley,
Attention: Prospectus Department, 180 Varick Street, Second Floor,
New York, New York 10014; Credit Suisse, Attention: Prospectus
Department, One Madison Avenue, New York, NY 10010, by email at
newyork.prospectus@credit-suisse.com, or by calling 1-800-221-1037;
or Barclays, c/o Broadridge Financial Solutions, Attention:
Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717,
by email at Barclaysprospectus@broadridge.com, or by calling
1-888-603-5847.
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 AdvancePierre Foods
AdvancePierre Foods Holdings, Inc., headquartered in Cincinnati,
Ohio, is a leading national producer and distributor of
value-added, convenient, ready-to-eat sandwiches, sandwich
components and other entrées and snacks to a wide variety of
distribution outlets including foodservice, retail and convenience
store providers. With revenues of $1.6 billion in 2015 and more
than 4,000 employees, the Company offers a broad line of products
across all day parts including: ready-to-eat sandwiches, such as
breakfast sandwiches, peanut butter and jelly sandwiches and
hamburgers; sandwich components, such as fully cooked hamburger and
chicken patties, and Philly steaks; and other entrées and snacks,
such as country-fried steak, stuffed entrées, chicken tenders and
cinnamon dough bites.
Forward-Looking Statements
This press release contains “forward-looking statements.” You
can identify forward-looking statements because they contain words
such as “believes,” “expects” and "intends." Forward-looking
statements are based on AdvancePierre’s current expectations and
assumptions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that may differ materially from those
contemplated by the forward-looking statements, which are neither
statements of historical fact nor guarantees or assurances of
future performance. Important factors that could cause actual
results to differ materially from those in the forward-looking
statements include the factors discussed in AdvancePierre’s filings
with the Securities and Exchange Commission, including those
described under the caption “Risk Factors” in the registration
statement on Form S-1.
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version on businesswire.com: http://www.businesswire.com/news/home/20170124006592/en/
InvestorsAdvancePierre Foods Holdings, Inc.John W.
Morgan, 513-372-9338Vice President, Investor
RelationsJohn.Morgan@advancepierre.comorMediaVehr
CommunicationsLaura Phillips,
513-381-8347lphillips@vehrcommunications.com
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