News Column

Roundy's, Inc. Announces Pricing of Public Offering of Common Stock

March 1, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Roundy's, Inc. (the "Company") (NYSE:RNDY), a leading grocer in the Midwest, announced the pricing of an underwritten public offering of 8,844,339 shares, of its common stock at a price to the public of $7.00 per share. The Company is offering 2,948,113 shares of its common stock, and certain selling stockholders are offering 5,896,226 shares of the Company's common stock. The underwriters have been granted a 30-day option to purchase up to an additional 1,326,650 shares of common stock from the selling stockholders, all at the offering price less the underwriting discount. The offering is expected to close on February 12, 2014.

The Company intends to use the net proceeds for general corporate purposes, which it expects to include funding working capital and operating expenses as well as capital expenditures to build out the Chicago stores acquired from Safeway. The Company will not receive any of the proceeds from the sale of shares by the selling stockholders, including the shares to be sold by the selling stockholders if the underwriters exercise their over-allotment option.

Credit Suisse and J.P. Morgan, along with BofA Merrill Lynch and BMO Capital Markets, are acting as joint bookrunning managers for the offering. Baird is acting as lead manager. This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained by sending a request to: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037, or by e-mail at newyork.prospectus@credit-suisse.com, J.P. Morgan Securities LLC (c/o Broadridge Financial Solutions), 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at (866) 803-9204, BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038 or by e-mail at dg.prospectus_requests@baml.com or BMO Capital Markets, Attention: Equity Syndicate Department, 3 Times Square New York, NY 10036, or by telephone at (800) 414-3627 or e-mail at bmoprospectus@bmo.com.

Keywords for this news article include: Roundy’s Inc, Banking and Finance, Investment and Finance.

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Source: Investment Weekly News


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