Floor & Decor Holdings, Inc. Announces Pricing of Secondary Offering
ATLANTA, GA - November 15, 2017 - Floor & Decor Holdings, Inc. (the "Company" or "Floor & Decor") (NYSE:FND) today announced the pricing of an underwritten public offering of 6,500,000 shares of common stock by certain stockholders of the Company, including funds affiliated with Ares Management, L.P. and Freeman Spogli Management Co., L.P. and certain directors of the Company (collectively, the "Selling Stockholders"), at a public offering price of $36.00 per share.
In addition, the Selling Stockholders have granted to the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock. The Company is not selling any shares in this offering and will not receive any proceeds from the sale of the shares by the Selling Stockholders or the exercise of the underwriters' option to purchase additional shares of common stock.
The offering is expected to close on November 20, 2017, subject to the satisfaction of customary closing conditions.
BofA Merrill Lynch, Barclays, Credit Suisse, UBS Investment Bank, Goldman Sachs & Co. LLC, Jefferies, Piper Jaffray and Wells Fargo Securities are acting as joint book-running managers for the offering. BTIG is acting as co-manager for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. The offering is being made solely by means of a prospectus, copies of which may be obtained, when available, from: BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at firstname.lastname@example.org; or Barclays, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling toll-free (888) 603-5847, or by email at Barclaysprospectus@broadridge.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such shares of common stock 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 Floor & Decor Holdings, Inc.
Floor & Decor is a multi-channel specialty retailer of hard surface flooring and related accessories, offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring along with decorative and installation accessories at everyday low prices.Back to Previous Page