MILWAUKEE– -Roundy’s, Inc., a leading grocer in the Midwest, announced that it has filed a prospectus supplement to a registration statement filed on Form S-3 with the U.S. Securities and Exchange Commission (“SEC”), relating to a proposed underwritten public offering of shares of common stock. The Company will be offering 2,948,113 shares of its common stock, and certain selling stockholders will be offering 5,896,226 shares of the Company’s common stock. The underwriters will be granted a 30-day option to purchase up to an additional 1,326,650 shares of common stock from the selling stockholders, all at the offering price less the underwriting discount.
The Company intends to use the net proceeds for general corporate purposes, which it expects to include funding working capital and operating expenses as well as capital expenditures to build out the Chicago stores acquired from Safeway. The Company will not receive any of the proceeds from the sale of shares by the selling stockholders, including the shares to be sold by the selling stockholders if the underwriters exercise their over-allotment option.
Credit Suisse and J.P. Morgan, along with BofA Merrill Lynch and BMO Capital Markets, are acting as joint bookrunning managers for the offering. This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained by sending a request to: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037, or by e-mail at newyork.prospectus@credit-suisse.com, J.P. Morgan Securities LLC (c/o Broadridge Financial Solutions), 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at (866) 803-9204, BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038 or by e-mail at dg.prospectus_requests@baml.com or BMO Capital Markets, Attention: Equity Syndicate Department, 3 Times Square New York, NY 10036, or by telephone at (800) 414-3627 or e-mail at bmoprospectus@bmo.com.
This offering is being made pursuant to a shelf registration statement filed with the SEC on December 13, 2013 and amended on January 9, 2014, which became effective on January 22, 2014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any other securities, and there shall not be any offer, solicitation or sale of securities mentioned in this press release 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 such any state or jurisdiction.
About Roundy’s
Roundy’s is a leading grocer in the Midwest with nearly $4.0 billion in sales and more than 20,000 employees. Founded in Milwaukee in 1872, Roundy’s operates 162 retail grocery stores and 112 pharmacies under the Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s retail banners in Wisconsin, Minnesota and Illinois. Roundy’s is committed to helping the communities its stores serve through the Roundy’s Foundation. Chartered in 2003, the Roundy’s Foundation mission is to support organizations working to relieve hunger and helping families in crisis due to domestic abuse, neglect and other at-risk situations.
Forward-Looking Statements
This release contains forward-looking statements about the company’s future performance, which are based on management’s assumptions and beliefs in light of the information currently available to it. The company assumes no obligation to update the information contained herein. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from such statements including, but not limited to: competitive practices and pricing in the food industry generally and particularly in the company’s principal markets; employee relationships and the terms of future collective bargaining agreements; the costs and other effects of legal and administrative cases and proceedings; the nature and extent of continued consolidation in the food industry; changes in the financial markets which may affect the cost of capital and our ability to access capital; supply or quality control problems with vendors; and changes in economic conditions which affect the buying patterns of customers. Additional factors that could cause actual results to differ materially from such statements are discussed in the company’s periodic reports and filings with the Securities and Exchange Commission.
Source: Roundy’s
