Fiesta Restaurant Group 2.9M Share Offering at $24.25/share

Fiesta Restaurant Group FRGI, the owner, operator, and franchisor of the Pollo Tropical® and Taco Cabana® fast-casual restaurant brands, today announced the pricing of a secondary public offering of 2,900,000 shares of common stock at a price of $24.25 per share. All shares were offered by funds managed by Jefferies Capital Partners. The offering was upsized from the previously announced offering size of 2,500,000. The selling stockholders also granted the underwriters an option to purchase up to an additional 435,000 shares of common stock. Fiesta will not receive any proceeds from the sale of any shares in the offering. The closing of the offering is expected to occur on March 27, 2013, subject to satisfaction of customary closing conditions. See full press release