Bojangles’, Inc. Announces Pricing of Secondary Offering of Common Stock
November 30 2016 - 6:52PM
Bojangles’, Inc. (“Bojangles’”) (NASDAQ:BOJA) today announced the
pricing of the previously announced underwritten public offering
(the “Offering”) of 6,000,000 shares of Bojangles’ common stock at
a public offering price of $17.25 per share. The Offering
consists entirely of secondary shares to be sold by the selling
stockholders. In connection with the Offering, the selling
stockholders have granted the underwriters a 30-day option to
purchase up to an additional 900,000 shares of common stock at the
public offering price, less the underwriting discount. The
Offering is expected to close on December 6, 2016, subject to the
satisfaction of customary closing conditions. Bojangles’ will
not receive any proceeds from the sale of the shares by the selling
stockholders.
BofA Merrill Lynch, Jefferies, and Wells Fargo
Securities are acting as joint lead book-running managers in the
Offering. Barclays, Goldman, Sachs & Co., Piper Jaffray,
William Blair, KeyBanc Capital Markets and RBC Capital Markets are
also acting as book-running managers in the Offering. Cowen
and Company and Fifth Third Securities are acting as co-managers in
the Offering.
The Offering is being made pursuant to an
effective shelf registration statement (including a base
prospectus) filed with the Securities and Exchange Commission
(“SEC”). Before you invest, you should read the base
prospectus in the registration statement and related prospectus
supplement that Bojangles’ has filed with the SEC for more complete
information about Bojangles’ and the Offering. The prospectus
supplement and accompanying base prospectus may be obtained free of
charge by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the prospectus supplement and accompanying base
prospectus may be obtained from BofA Merrill Lynch, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte NC 28255-0001,
Attention: Prospectus Department, or by emailing:
dg.prospectus_requests@baml.com; Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, New York 10022, by emailing
Prospectus_Department@Jefferies.com, or by calling (877) 547-6340;
or Wells Fargo Securities, LLC Attention: Equity Syndicate
Department, 375 Park Avenue, New York, New York 10152, by emailing:
cmclientsupport@wellsfargo.com, or by calling (800) 326-5897.
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 other jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
About Bojangles’, Inc.
Bojangles', Inc. is a highly differentiated and
growing restaurant operator and franchisor dedicated to serving
customers high-quality, craveable food made from our Southern
recipes. Founded in 1977 in Charlotte, N.C., Bojangles'®
serves menu items such as delicious, famous chicken,
made-from-scratch buttermilk biscuits, flavorful fixin's and
Legendary Iced Tea®. At September 25, 2016, Bojangles' had
699 system-wide restaurants, of which 301 were company-operated and
398 were franchised restaurants, primarily located in the
Southeastern United States.
Forward-Looking Statements
This press release contains forward-looking
statements. All statements other than statements of historical fact
included in this press release are forward-looking statements.
These statements are not guarantees of future performance and
involve a number of known and unknown risks, assumptions, trends,
uncertainties and factors that are beyond our control. Should one
or more of these risks or uncertainties materialize or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated or projected. We
undertake no obligations to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise than as required under the federal
securities laws.
For Investor Relations Inquiries:
Raphael Gross of ICR
203.682.8253
For Media Inquiries:
Brian Little of Bojangles’ Restaurants, Inc.
704.519.2118
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