MILWAUKEE--(BUSINESS WIRE)--Feb. 8, 2012--
Roundy’s, Inc. (Roundy’s) announced today the pricing of its initial
public offering of 19,181,818 shares of common stock at a price of $8.50
per share. The shares will be listed on the New York Stock Exchange and
will trade under the symbol “RNDY” beginning February 8, 2012. Roundy’s
is offering 14,705,883 shares of common stock and selling stockholders
are offering 4,475,935 shares of common stock. The underwriters have a
30-day option to purchase up to an additional 2,877,273 shares from the
selling stockholders to cover over-allotments. Roundy’s will not receive
any proceeds from the sale of shares by the selling stockholders.
Roundy’s expects to receive proceeds, net of underwriters’ discount and
commissions and estimated offering expenses payable by Roundy’s, of
approximately $111.15 million from the offering. Roundy’s intends to use
the net proceeds, together with borrowings under its new senior credit
facility, to repay all of its outstanding borrowings and other amounts
owed under its existing credit facilities.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, along
with Jefferies & Company, Inc. and Robert W. Baird & Co. Incorporated,
are acting as joint book-running managers for the offering. Moelis &
Company LLC acted as financial advisor to Roundy’s.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on February 7, 2012.
The offering is being made solely by means of a prospectus, copies of
which may be obtained from: Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, New York
10010, 800-221-1037, firstname.lastname@example.org,
or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York 11717, 866-803-9204.
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 prior to registration or
qualification under the securities laws of any such state or
About Roundy’s, Inc.
Roundy’s is a leading grocer in the Midwest with nearly $4.0 billion in
sales and more than 18,000 employees. Founded in Milwaukee in 1872,
Roundy’s operates 159 retail grocery stores and 99 pharmacies under the
Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s Fresh Market
retail banners in Wisconsin, Minnesota and Illinois.
Source: Roundy’s, Inc.
Katie Turner, 646-277-1228