Del Frisco's Prices Offering 5.386M Share Offering at $19.50/Share
Del Frisco's Restaurant Group (Nasdaq: DFRG) today announced the pricing of a registered secondary public offering of 5,386,667 shares of common stock at a price of $19.50 per share. The underwriters have a 30 day option to purchase up to an additional 808,000 shares. All shares are being sold by the Company's largest shareholder, an affiliate of Lone Star Funds. Del Frisco's Restaurant Group, Inc. will not receive any proceeds from the sale of these shares. Settlement of the offering is expected to occur on December 10, 2013.
Deutsche Bank Securities, Piper Jaffray, and Wells Fargo Securities are serving as joint book-running managers for the offering. Raymond James and Stifel are serving as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 3, 2013. This offering is being made solely by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and accompanying base prospectus may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group,