Blackhawk Network Holdings, Inc. Announces Pricing of Initial Public Offering

Blackhawk Network Holdings, Inc. Announces Pricing of Initial Public Offering

PR Newswire

PLEASANTON, Calif., April 18, 2013

PLEASANTON, Calif., April 18, 2013 /PRNewswire/ --Blackhawk Network Holdings,
Inc. (NASDAQ: HAWK), a majority owned subsidiary of Safeway Inc. (NYSE: SWY),
today announced the pricing of its initial public offering of 10,000,000
shares of Class A common stock at $23.00 per share. The shares are expected to
begin trading on the NASDAQ Global Select Market on Friday, April 19 under the
ticker symbol "HAWK." The offering consists solely of shares offered by
existing stockholders, including Safeway Inc. In addition, certain of the
selling stockholders have granted the underwriters a 30-day option to purchase
up to an additional 1,500,000 shares of Class A common stock at the initial
public offering price.

The selling stockholders will receive all of the net proceeds from the
offering.

Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup and Deutsche Bank
Securities are acting as joint book-running managers, with Goldman, Sachs &
Co. serving as the global coordinator for the offering. Barclays, BMO Capital
Markets, Credit Suisse, Piper Jaffray, Raymond James, and Wells Fargo
Securities are acting as co-managers for the offering.

A registration statement relating to these securities was declared effective
by the Securities and Exchange Commission on April 18, 2013. This offering is
being made solely by means of a prospectus, copies of which may be obtained
from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street,
New York, NY 10282, by telephone at: (866) 471-2526, or by email to:
prospectus-ny@ny.email.gs.com; BofA Merrill Lynch, Attention: Prospectus
Department, 222 Broadway, New York, NY 10038, by email to:
dg.prospectus_requests@baml.com; Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at: (800)
831-9146; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005, by telephone at: (800) 503-4611, or by email to:
prospectus.cpdg@db.com. 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 an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

Blackhawk is a leading prepaid payment network utilizing proprietary
technology to offer a broad range of gift cards, other prepaid products and
payment services in the United States and 18 other countries.

SOURCE Blackhawk Network Holdings, Inc.

Contact: Media: Teri Llach, 925-738-7290, teri.llach@bhnetwork.com; Investors:
Patrick Cronin, 925-226-9939, investor.relations@bhnetwork.com
 
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