Joint bookrunners Jefferies, Baird and William Blair assist with deal
By Devika Patel
Knoxville, Tenn., Aug. 18 - Caribou Coffee Co., Inc. priced a secondary offering of $73.39 million of its stock on Aug. 17, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The selling shareholder will sell 5.15 million common shares at $14.25 apiece. The price per share reflects a 9.52% discount to the Aug. 16 closing share price of $15.75.
Jefferies & Co., Inc., Robert W. Baird & Co. Inc., William Blair & Co., LLC are the bookrunners; Craig-Hallum Capital Group LLC is the co-manager.
Settlement is expected Aug. 23.
The coffeehouse operator is based in Minneapolis.
| Issuer: | Caribou Coffee Co., Inc.
|
| Issue: | Common stock
|
| Amount: | $73,387,500
|
| Shares: | 5.15 million
|
| Price: | $14.25
|
| Warrants: | No
|
| Bookrunners: | Jefferies & Co., Inc., Robert W. Baird & Co. Inc., William Blair & Co., LLC
|
| Co-manager: | Craig-Hallum Capital Group LLC
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 23
|
| Stock symbol: | Nasdaq: CBOU
|
| Stock price: | $14.75 at close Aug. 17
|
| Market capitalization: | $279.98 million
|
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