Body Central Corp. Announces Pricing of Its IPO at $13 per Share

Body Central Corp.

today announced the pricing of its initial public offering of 5,000,000 shares of common stock at a price of $13.00 per share. The shares will be listed on The NASDAQ Global Market and will trade under the symbol "BODY" beginning today, October 15, 2010. Body Central Corp. is offering 3,333,333 shares of common stock and selling shareholders are offering 1,666,667 shares of common stock. The underwriters have an option to purchase up to an additional 750,000 shares from certain selling shareholders. Body Central Corp. will not receive any proceeds from the sale of shares by the selling stockholders. The Company expects to receive proceeds, net of underwriter's discount and commissions and estimated offering expenses payable by the Company, of approximately $37.8 million from the offering and intends to use the net proceeds to repay its senior secured credit facility, to redeem non-convertible, non-voting Series C preferred stock, to pay up to an aggregate of $1.0 million to specified employees under a success bonus plan and to fund working capital and other general corporate purposes.