IRVINE, Calif.--(BUSINESS WIRE)--
Boot Barn Holdings, Inc. (the “Company”) (NYSE: BOOT) today
announced the launch of a public offering of 5,500,000 shares of its
common stock held by certain of its stockholders. The selling
stockholders include funds managed by Freeman Spogli & Co., offering
approximately 5,100,000 shares, and certain directors and members of
management, offering approximately 400,000 shares (collectively the “selling
stockholders”). The underwriters will have a 30-day option to
purchase up to an additional 825,000 shares from the selling
stockholders on a pro rata basis. The Company will not issue shares in
the offering and will not receive any proceeds from the sale of the
shares by the selling stockholders in this offering.
J.P. Morgan Securities LLC, Piper Jaffray & Co. and Jefferies LLC are
acting as active book-running managers for the proposed offering and as
representatives of the underwriters. Wells Fargo Securities, LLC, Robert
W. Baird & Co. Incorporated and Cowen and Company, LLC are also acting
as book-running managers.
This offering will be 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 preliminary
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 preliminary prospectus supplement and, when available,
final prospectus supplement and 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; Piper Jaffray & Co.,
Attention: Prospectus Department, 800 Nicollet Mall, J12S03,
Minneapolis, MN 55402, by telephone at (800) 747-3924, or by email at prospectus@pjc.com;
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. Boot Barn now operates 226 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.
Sheplers has been part of the western, outdoor, and work lifestyle for
over 100 years. Beginning in February 2017, the Company has operated www.countryoutfitter.com,
an e-commerce site selling to customers who live a country lifestyle.
For more information, call 888-Boot-Barn.
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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Source: Boot Barn Holdings, Inc.