PHOENIX, March 17, 2014 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the "Company") (Nasdaq:SFM) today announced it has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission in connection with the proposed sale in an underwritten offering of up to 15,000,000 shares of its common stock by affiliates of Apollo Global Management, LLC ("Apollo"), and certain other stockholders of the Company (collectively, the "Selling Stockholders"). The Company has filed the Registration Statement pursuant to a registration demand notice received from Apollo pursuant to the terms of the Company's Stockholders Agreement, dated July 29, 2013 (the "Stockholders Agreement"). In accordance with the terms of the Stockholders Agreement, the other stockholders party to the Stockholders Agreement have a right to participate in this offering. The Company is not selling any shares and will not receive any proceeds of this offering.
The offering will be 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 the representatives of the underwriters.
This offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus and final prospectus relating to the offering 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 firstname.lastname@example.org ; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, Telephone: 800-221-1037, or by emailing email@example.com ; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by email at firstname.lastname@example.org.A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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.