Physicians Formula Holdings, Inc. Prices Initial Public Offering of Common Stock
November 08 2006 - 11:32PM
PR Newswire (US)
AZUSA, Calif., Nov. 8 /PRNewswire-FirstCall/ -- Physicians Formula
Holdings, Inc. (NASDAQ:FACE) announced today the pricing of its
initial public offering of 7,500,000 shares of its common stock at
a price to the public of $17.00 per share. There are 4,375,000
shares being offered by selling stockholders and 3,125,000 shares
being offered by Physicians Formula Holdings, Inc. (the "Company").
The net proceeds to the Company from this offering are intended to
reduce the Company's outstanding indebtedness, to pay debt issuance
costs and to pay IPO completion bonuses. The selling stockholders
have granted the underwriters a 30-day option to purchase up to an
additional 1,125,000 shares at the initial public offering price to
cover over-allotments, if any. The shares will trade on the Nasdaq
Global Select Market under the symbol "FACE." The offering is being
made through an underwriting syndicate led by Deutsche Bank
Securities and Citigroup Corporate and Investment Banking as joint
book-runners for the offering. Banc of America Securities LLC,
Cowen and Company and Piper Jaffray are acting as co-managers.
Copies of the final prospectus relating to the offering may be
obtained from Deutsche Bank Securities Inc., c/o Prospectus
Department, 60 Wall Street, Floor 2, New York, New York 10005 or by
telephone toll free at 1-800-503-4611, fax: 212-468-5333 or from
Citigroup Corporate and Investment Banking, Prospectus Department,
Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New
York, 11220 (tel: 718-765-6732; fax: 718-765-6734). A registration
statement relating to these securities was declared effective by
the Securities and Exchange Commission on November 8, 2006. 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. (FACE/F) DATASOURCE: Physicians Formula Holdings,
Inc. CONTACT: John Mills or Anne Rakunas, both of Integrated
Corporate Relations, Inc., +1-310-954-1100, for Physicians Formula
Holdings, Inc.
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