Initial Public Offering ("IPO")On August 1, 2012, and subsequent to the end of the second quarter, Del Frisco's closed its IPO of 5.8 million shares of common stock at $13.00 per share. The Company received net proceeds of approximately $70.1 million from the IPO, which included approximately $5.3 million of underwriting discounts and commissions, and repaid $61.0 million under its credit facility. In addition, Del Frisco's used $3.0 million of the net proceeds to make a one-time payment to Lone Star Fund in consideration for the termination of an asset advisory agreement upon consummation of the IPO. The remainder of the net proceeds will be used for working capital and other general corporate purposes. In conjunction with the repayment of amounts outstanding under the credit facility and subsequent to the end of the second quarter, the Company wrote-off approximately $1.7 million in unamortized debt issuance costs.
Del Frisco's Restaurant Group, Inc. Announces Second Quarter 2012 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.