Bojangles', Inc. Commences Proposed Initial Public Offering of Common Stock
28 April 2015 - 6:35AM
Bojangles', Inc. (Bojangles'), today announced that it has
commenced the underwritten initial public offering of 6,250,000
shares of its common stock (the "Offering") pursuant to a
registration statement filed on Form S-1 with the Securities and
Exchange Commission (the "Commission"). The proposed public
offering is expected to consist solely of common stock to be
offered by certain of Bojangles' stockholders. In connection with
the Offering, the selling stockholders intend to grant the
underwriters a 30-day option to purchase up to an additional
937,500 shares of common stock at the initial public offering
price. The estimated price range for the initial public offering is
$15 to $17 per share of common stock. After pricing the Offering,
Bojangles' expects that its common stock will trade on the NASDAQ
Global Select Market under the symbol "BOJA".
BofA Merrill Lynch, Wells Fargo Securities and Jefferies are
acting as joint lead book-running managers in the proposed
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 proposed offering.
Stephens Inc. and SunTrust Robinson Humphrey are acting as
co-managers in the proposed offering.
The offering is being made only by means of a prospectus. A
copy of the preliminary prospectus related to the offering may be
obtained, when available, from BofA Merrill Lynch, 222 Broadway,
New York, New York 10038, Attention: Prospectus Department, or by
emailing: dg.prospectus_requests@baml.com; 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; or 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.
A registration statement on Form S-1 relating to these
securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities
may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. 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 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 March
29, 2015, Bojangles' had 258 company-operated and 377 franchised
restaurants, primarily located in the Southeastern United
States.
CONTACT: For Investor Relations Inquiries:
Raphael Gross of ICR
203.682.8253
For Media Relations Inquiries:
Liz DiTrapano / Christine Beggan of ICR
646.277.1226 / 203.682.8239
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