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Sprouts Farmers Market Announces Pricing Of Public Offering By Selling Stockholders

Stocks in this article: SFM

PHOENIX, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the " Company") (Nasdaq:SFM) today announced the pricing of an underwritten public offering of 17,000,000 shares of its common stock by affiliates of Apollo Global Management, LLC (" Apollo"), and certain other stockholders of the Company (collectively, the " Selling Stockholders") at a public offering price of $37.00 per share. The underwriters of the offering have the option, exercisable until December 25, 2013, to purchase up to an additional 2,550,000 shares of common stock from the Selling Stockholders. Apollo is selling approximately 8.8 million of the total shares (10.2 million if the underwriters' option is exercised in full). The offering is scheduled to close on December 2, 2013, subject to customary closing conditions. The Selling Stockholders will receive all of the proceeds from the offering. 

The offering is being made through an underwriting group led by Goldman, Sachs & Co., Credit Suisse, BofA Merrill Lynch, Apollo Global Securities, Barclays, Deutsche Bank Securities, UBS Investment Bank, Guggenheim Securities and Wolfe Research Securities. Goldman, Sachs & Co., Credit Suisse and BofA Merrill Lynch are acting as joint book-running managers of the offering, and Goldman, Sachs & Co. and Credit Suisse are the representatives of the underwriters.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission. Copies of the final prospectus relating to the offering, when available, may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: 866-471-2526, Facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, Telephone: 800-221-1037, or by emailing newyork.prospectus@credit-suisse.com.

This press release shall 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.

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