Boot Barn Holdings, Inc. Announces Closing of Public Offering by Selling Stockholders
May 22 2018 - 4:10PM
Business Wire
Boot Barn Holdings, Inc. (the “Company”) (NYSE: BOOT)
today announced the closing of the public offering of 7,211,813
shares of its common stock held by certain of its stockholders. The
selling stockholders include funds managed by Freeman Spogli &
Co., which sold all 7,021,771 shares held by them, and certain
directors, who sold 190,042 shares (collectively, the “selling
stockholders”). The Company did not sell shares in the offering
and will not receive any proceeds from the sale of the shares by
the selling stockholders in this offering. Following the completion
of this offering, funds managed by Freeman Spogli & Co. do not
hold any shares of the Company.
J.P. Morgan Securities LLC and Jefferies LLC acted as
underwriters for the offering.
This offering was made only by means of a prospectus and related
prospectus supplement forming a part of the registration statement
initially filed by the Company with the Securities and Exchange
Commission (the “SEC”) on November 22, 2017, which has been
declared effective by the SEC. Before you invest, you should read
the prospectus included in that registration statement, the final
prospectus supplement and other documents the Company has filed
with the SEC for more complete information about the Company and
this offering. You may obtain these documents free of charge by
visiting EDGAR on the SEC's website at www.sec.gov.
Copies of the final prospectus supplement and the related
prospectus relating to the offering may be obtained by contacting:
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at
(866) 803-9204; or Jefferies LLC, Attention: Equity Syndicate
Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY
10022, by telephone at (877) 821-7388, or by email at
Prospectus_Department@Jefferies.com.
This press release does 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 Boot Barn Holdings,
Inc.
Boot Barn is the nation’s leading lifestyle retailer of western
and work-related footwear, apparel and accessories for men, women
and children. The Company offers its loyal customer base a wide
selection of work and lifestyle brands. As of the date of this
release, Boot Barn operates 230 stores in 31 states, in addition to
an e-commerce channel www.bootbarn.com. The Company also operates
www.sheplers.com, the nation’s leading pure play online western and
work retailer and www.countryoutfitter.com, an e-commerce site
selling to customers who live a country lifestyle. Information that
may be accessed through our websites is not part of, and is not
incorporated into, this press release.
Forward-Looking
Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. All statements other than
statements of historical fact included in this press release are
forward-looking statements. Forward-looking statements refer to our
current expectations and projections relating to, by way of example
and without limitation, our financial condition, liquidity,
profitability, results of operations, margins, plans, objectives,
strategies, future performance, business and industry. You can
identify forward-looking statements by the fact that they do not
relate strictly to historical or current facts. These statements
may include words such as “anticipate”, “estimate”, “expect”,
“project”, “plan”, “intend”, “believe”, “may”, “might”, “will”,
“could”, “should”, “can have”, “likely”, “outlook” and other words
and terms of similar meaning in connection with any discussion of
the timing or nature of future operating or financial performance
or other events, but not all forward-looking statements contain
these identifying words. These forward-looking statements are based
on assumptions that the Company’s management has made in light of
their industry experience and on their perceptions of historical
trends, current conditions, expected future developments and other
factors they believe are appropriate under the circumstances. As
you consider this press release, you should understand that these
statements are not guarantees of performance or results. They
involve risks, uncertainties (some of which are beyond the
Company’s control) and assumptions. These risks, uncertainties and
assumptions include, but are not limited to, the following:
decreases in consumer spending due to declines in consumer
confidence, local economic conditions or changes in consumer
preferences and the Company’s ability to effectively execute on its
growth strategy; the failure to realize the anticipated synergies
from the Sheplers acquisition and other risks of integration, to
maintain and enhance its strong brand image; to compete
effectively; to maintain good relationships with its key suppliers;
and to improve and expand its exclusive product offerings. The
Company discusses the foregoing risks and other risks in greater
detail under the heading “Risk factors” in the periodic reports
filed by the Company with the Securities and Exchange Commission.
Although the Company believes that these forward-looking statements
are based on reasonable assumptions, you should be aware that many
factors could affect the Company’s actual financial results and
cause them to differ materially from those anticipated in the
forward-looking statements. Because of these factors, the Company
cautions that you should not place undue reliance on any of these
forward-looking statements. New risks and uncertainties arise from
time to time, and it is impossible for the Company to predict those
events or how they may affect the Company. Further, any
forward-looking statement speaks only as of the date on which it is
made. Except as required by law, the Company does not intend to
update or revise the forward-looking statements in this press
release after the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20180522006277/en/
Investor Relations:ICRBrendon Frey,
203-682-8216BootBarnIR@icrinc.comorMedia Relations:Jim
Watkins, 949-453-4428BootBarnIRMedia@bootbarn.com
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