Yeti Announces Launch of Secondary Offering of Shares of Common Stock by Selling Stockholders
May 06 2019 - 4:39PM
Business Wire
YETI Holdings, Inc. (“YETI”) (NYSE: YETI) announced today the
commencement of an underwritten public offering (the “Offering”) of
9,500,000 shares of YETI’s common stock by certain of its
stockholders. In connection with the Offering, the selling
stockholders intend to grant to the underwriters a 30-day option to
purchase up to an additional 1,425,000 shares of YETI’s common
stock. YETI is not offering any shares of its common stock in the
Offering and will not receive any proceeds from the sale of shares
in the Offering.
BofA Merrill Lynch, Jefferies, and Morgan Stanley are acting as
lead book-running managers and as representatives of the
underwriters for the Offering.
A registration statement on Form S-1 relating to the Offering
has been filed with the Securities and Exchange Commission, but has
not yet become effective. The shares of common stock included in
the Offering may not be sold nor may offers to buy be accepted
prior to the time the registration statement on Form S-1 becomes
effective. The Offering may be made only by means of a prospectus.
A copy of the preliminary prospectus relating to the Offering, when
available, may be obtained from BofA Merrill Lynch, NC1-004-03-43,
200 North College Street, 3rd Floor, Charlotte, NC 28255-0001,
Attention: Prospectus Department or by email at
dg.prospectus_requests@baml.com; Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022, by phone at 1-877-821-7388 or by email at
Prospectus_Department@Jefferies.com; or Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About YETI Holdings, Inc.
YETI is a designer, marketer, retailer, and distributor of a
variety of innovative, branded, premium products to a wide ranging
customer base. Our mission is to ensure that each YETI product
delivers exceptional performance and durability in any environment,
whether in the remote wilderness, at the beach, or anywhere else
life takes our customers. By consistently delivering high
performing products, we have built a following of engaged brand
loyalists throughout the United States, Canada, Japan, Australia,
and elsewhere, ranging from serious outdoor enthusiasts to
individuals who simply value products of uncompromising quality and
design. Our relationship with customers continues to thrive and
deepen as a result of our innovative new product introductions,
expansion and enhancement of existing product families, and
multifaceted branding activities.
Forward-Looking and Cautionary Statements
This press release contains ‘‘forward-looking statements’’
within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical or
current fact included in this press release are forward-looking
statements. Forward-looking statements include statements
concerning the terms of the Offering and the completion, timing,
and size of the Offering. Forward-looking statements are subject to
a number of risks and uncertainties, many of which involve factors
or circumstances that are beyond YETI’s control, including, without
limitation, risks and uncertainties related to market conditions,
that the size of the Offering could change or the Offering could be
terminated, and the satisfaction of customary closing conditions
related to the Offering. Actual results could differ materially
from those stated or implied in forward-looking statements due to a
number of factors, including but not limited to, risks detailed in
the section entitled “Risk Factors” and elsewhere in YETI’s
Quarterly Report on Form 10-Q for the quarter ended March 30, 2019,
and in the registration statement on Form S-1 related to the
Offering filed with the Securities and Exchange Commission. The
forward-looking statements included in this press release represent
YETI’s views as of the date of this press release. YETI undertakes
no intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
changes in YETI’s expectations or otherwise. These forward-looking
statements should not be unduly relied upon or represent YETI’s
views as of any date subsequent to the date of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190506005773/en/
Investor Relations Contact:Tom Shaw,
512-271-6332Investor.relations@yeti.com
Media Contact:Alecia Pulman,
203-682-8224alecia.pulman@icrinc.comBrittany Fraser,
646-277-1231brittany.fraser@icrinc.com
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