MINNEAPOLIS, Aug 15, 2011 (BUSINESS WIRE) --
Caribou Coffee Company, Inc. (NASDAQ: CBOU), the second largest
company-owned premium coffeehouse operator in the United States based on
the number of coffeehouses, today announced that a major shareholder,
Caribou Holding Company Limited, an affiliate of Arcapita Bank
B.S.C.(c), is offering for sale 5,150,000 shares of the Company's common
stock in an underwritten public offering. The selling shareholder has
also granted the underwriters an option to purchase up to 772,245
additional shares of common stock to cover over-allotments, if any. The
Company will not receive any proceeds from the offering.
Jefferies & Company, Inc., Robert W. Baird & Co. Incorporated and
William Blair & Company, L.L.C. are acting as joint book-running
managers in the offering and Craig-Hallum Capital Group LLC is acting as
co-manager.
A shelf registration statement (including a prospectus) relating to
these securities was filed by the Company and declared effective on
November 19, 2010 by the Securities and Exchange Commission (the "SEC").
A copy of the prospectus supplement and base prospectus relating to the
offering may be obtained by contacting Equity Syndicate Prospectus
Department, Jefferies & Company, Inc., 520 Madison Avenue, 12th Floor,
New York, NY, 10022 at (877) 547-6340 and at
Prospectus_Department@Jefferies.com. Before you invest, you should read
these documents and other documents filed by the Company with the SEC
for more complete information. You may obtain these documents free of
charge by visiting the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
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 under the securities laws of any
such state or jurisdiction.
ABOUT THE COMPANY
Founded in 1992, Caribou Coffee Company, Inc., is one of the leading
branded coffee companies in the United States, with a multi-channel
approach to its customers. Based on the number of coffeehouses, Caribou
Coffee is the second largest company-operated premium coffeehouse
operator in the United States. As of July 3, 2011, the Company had 554
coffeehouses, including 147 franchised locations, in 20 states, the
District of Columbia and nine international markets. Caribou Coffee
offers its customers premium coffee and hand crafted espresso-based
beverages, as well as specialty teas, baked goods, whole bean coffee,
branded merchandise and other coffee lifestyle items. In addition,
Caribou Coffee sells products to grocery stores, mass merchandisers,
club stores, office coffee and foodservice providers, hotels,
entertainment venues and e-commerce channels. Moreover, Caribou Coffee
licenses third parties to use the Caribou Coffee brand on quality food
and merchandise items. Caribou Coffee focuses on delivering a guest
experience with a unique blend of expertise, fun and authentic human
connection in a comfortable and welcoming coffeehouse environment.
Caribou Coffee is a recipient of the Rainforest Alliance Corporate Green
Globe Award and is committed to operating practices that promote
sustainability and environmental protection. For more information, visit
the Caribou Coffee website at www.cariboucoffee.com.
SOURCE: Caribou Coffee Company, Inc.
Caribou Coffee Company, Inc.
Raphael Gross, 203-682-8253
ir@cariboucoffee.com
