The Duckhorn Portfolio, Inc. Announces Closing of Public Offering & Full Exercise of The Underwriters’ Option to Purchase A...
23 March 2021 - 11:14AM
Business Wire
The Duckhorn Portfolio, Inc. ("Duckhorn") today announced the
closing of its underwritten public offering of 23,000,000 shares of
its common stock to the public, with 13,333,333 shares being
offered by Duckhorn and 9,666,667 shares being offered by its
existing stockholder, which includes the exercise in full by the
underwriters of their option to purchase up to 3,000,000 additional
shares of common stock, at a public offering price of $15.00 per
share.
The common stock is listed for trading on the New York Stock
Exchange under the ticker symbol “NAPA.” The Company has not
received any proceeds from any sale of shares by the existing
stockholder.
J.P. Morgan, Credit Suisse and Jefferies acted as joint lead
book-running managers and as representatives for the offering.
Barclays, BofA Securities, Citigroup, Evercore ISI and RBC Capital
Markets also acted as book-running managers for the offering.
Academy Securities, Ramirez & Co., Inc. and Siebert Williams
Shank also acted as co-managers for the offering. The offering was
made only by means of a prospectus.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
March 17, 2021. This press release does not constitute an offer to
sell or the solicitation of an offer to buy these securities, 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.
Copies of the final prospectus, may be obtained from: J.P.
Morgan Securities LLC, Attention: Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at
866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com;
Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, NC 27560 or by
telephone at 800-221-1037 or by email at
usa.prospectus@credit-suisse.com; or Jefferies LLC, Attention:
Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd
Floor, New York, New York 10022 or by telephone at (877) 821-7388
or by email at Prospectus_Department@jefferies.com.
About The Duckhorn Portfolio, Inc.
The Duckhorn Portfolio is the premier producer of luxury wines
in North America. The acclaimed Duckhorn Portfolio includes
Duckhorn Vineyards, Decoy, Paraduxx, Goldeneye, Migration,
Canvasback, Calera and Kosta Browne, each with its own dedicated
winemaker.
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version on businesswire.com: https://www.businesswire.com/news/home/20210322005834/en/
Media Contact: Jessica Liddell, ICR DuckhornPR@icrinc.com
203-682-8200
Investor Contact: Chris Mandeville, ICR
DuckhornIR@icrinc.com 203-682-8304
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