By Sheri Kasprzak
New York, Nov. 17 - BJ's Restaurants, Inc. is gearing up to settle a $61.5 million private placement of its stock.
The company will sell to new and existing institutional investors 3.075 million shares at $20.00 apiece, a 7.5% discount to the company's $21.62 closing stock price Thursday.
RBC Capital Markets was the lead agent with CIBC World Markets as co-agent.
Proceeds will be used for the company's expansion plans and for general corporate purposes.
Based in Huntington Beach, Calif., BJ's operates casual dining restaurants in California, Texas, Arizona, Colorado, Oregon and Nevada.
| Issuer: | BJ's Restaurants, Inc.
|
| Issue: | Stock
|
| Amount: | $61.5 million
|
| Shares: | 3.075 million
|
| Price: | $20.00
|
| Warrants: | No
|
| Placement agents: | RBC Capital Markets (lead), CIBC World Markets
|
| Announcement date: | Nov. 17
|
| Stock symbol: | Nasdaq: BJRI
|
| Stock price: | $21.62 at close Nov. 16
|
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