Sprouts Farmers Market Announces Commencement Of Public Offering By Selling Stockholders

PHOENIX, Nov. 18, 2013 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the " Company") (Nasdaq:SFM) today announced the commencement of an underwritten public offering of 22,500,000 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 underwriters of the offering will have the option to purchase up to an additional 3,375,000 shares of common stock from the Selling Stockholders. Apollo is offering approximately 11.8 million of the total shares (13.6 million if the underwriters' option is exercised in full). 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.

This offering will be made only by means of a prospectus. Copies of the preliminary prospectus and, when available, 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 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.

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.

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