Sprouts Farmers Market Announces Commencement of Public Offering by Selling
PHOENIX, March 25, 2014 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the
"Company") (Nasdaq:SFM) today announced the commencement of an underwritten
public offering of 15,000,000 shares of its common stock by affiliates of
Apollo Global Management, LLC ("Apollo"), and certain other stockholders of
the Company (collectively, the "Selling Stockholders"). The underwriters of
the offering will have the option to purchase up to an additional 2,250,000
shares of common stock from the Selling Stockholders. The Selling Stockholders
will receive all of the proceeds from the offering.
The offering is being made through an underwriting group led by Goldman, Sachs
& Co., Credit Suisse, BofA Merrill Lynch, Apollo Global Securities, Barclays,
Deutsche Bank Securities, UBS Investment Bank, Guggenheim Securities and Wolfe
Research Securities. Goldman, Sachs & Co., Credit Suisse and BofA Merrill
Lynch are acting as joint book-running managers of the offering and the
representatives of the underwriters.
This offering will be made only by means of a prospectus. Copies of the
preliminary prospectus and, when available, final prospectus relating to the
offering may be obtained from: Goldman, Sachs & Co., Attention: Prospectus
Department, 200 West Street, New York, NY 10282, Telephone: 866-471-2526,
Facsimile: 212-902-9316 or by emailing email@example.com; Credit
Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison
Avenue, New York, NY 10010, Telephone: 800-221-1037, or by emailing
firstname.lastname@example.org; or Merrill Lynch, Pierce, Fenner & Smith
Incorporated, 222 Broadway, New York, NY 10038, Attention: Prospectus
Department or by email at email@example.com.
A registration statement 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 a solicitation of an offer to buy, nor will
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.
About Sprouts Farmers Market
Sprouts Farmers Market is a specialty retailer of fresh, natural and organic
foods at great prices. We offer a complete shopping experience that includes
fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat
and seafood, baked goods, dairy products, frozen foods, natural body care and
household items catering to consumers' growing interest in health and
wellness. Headquartered in Phoenix, Arizona, Sprouts Farmers Market employs
more than 15,000 team members and operates 170 stores in nine states.
Certain statements in this press release are forward-looking as defined in the
Private Securities Litigation Reform Act of 1995. Any statements contained
herein (including, but not limited to, statements to the effect that Sprouts
Farmers Market or its management "anticipates," "plans," "estimates,"
"expects," "believes," or the negative of these terms and other similar
expressions) that are not statements of historical fact should be considered
forward-looking statements, including, without limitation, the expected size
and timing of the offering. These statements involve certain risks and
uncertainties that may cause actual results to differ materially from
expectations as of the date of this release. These risks and uncertainties
include, without limitation, the consummation of the offering by the selling
stockholders and other factors as set forth from time to time in the Company's
Securities and Exchange Commission filings. The Company intends these
forward-looking statements to speak only as of the time of this release and
does not undertake to update or revise them as more information becomes
available, except as required by law.
CONTACT: Investor Contact:
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