Jefferies, Baird and Wells Fargo are the joint bookrunning managers
By Devika Patel
Knoxville, Tenn., May 2 - Papa Murphy's Holdings, Inc. said it priced its $64.17 million initial public sale of stock with a $9.63 million greenshoe on Thursday. The deal was announced March 11.
The company will sell 5,833,333 common shares at $11.00 apiece.
Jefferies LLC, Robert W. Baird & Co. Inc. and Wells Fargo Securities are the joint bookrunning managers.
Settlement is expected May 7.
Proceeds will be used to repay debt under the company's senior secured credit facilities and for general corporate purposes.
The Vancouver, Wash., company is a franchisor and operator of a pizza chain. The company intends to list its common stock on the Nasdaq under the symbol "FRSH."
| Issuer: | Papa Murphy's Holdings, Inc.
|
| Issue: | Common stock
|
| Amount: | $64,166,663
|
| Greenshoe: | $9,624,989
|
| Shares: | 5,833,333
|
| Price: | $11.00
|
| Warrants: | No
|
| Bookrunners: | Jefferies LLC, Robert W. Baird & Co. Inc. and Wells Fargo Securities
|
| Co-managers: | William Blair & Co., LLC, Raymond James & Associates, Inc. and Stephens Inc.
|
| Announcement date: | March 11
|
| Pricing date: | May 1
|
| Settlement date: | May 7
|
| Stock exchange: | Nasdaq: FRSH
|
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