Del Taco Restaurants, Inc. Announces Pricing of Secondary Offering of Common Stock
26 Octobre 2015 - 11:37PM
Business Wire
Del Taco Restaurants, Inc. (“Del Taco” and the “Company”)
(NASDAQ: TACO, TACOW), announced today the pricing of an offering
of 3,372,016 shares of its common stock at $12.00 per share. The
shares are held by entities affiliated with Goldman Sachs Mezzanine
Partners, Leonard Green & Partners and Charlesbank Capital
Partners (the “Selling Stockholders”). The underwriters have a
30-day option to purchase up to an additional 505,802 shares of
common stock held by the Selling Stockholders. Del Taco is not
selling any shares in this offering and will not receive any
proceeds from the sale of the shares of common stock offered by the
Selling Stockholders. The offering is expected to close on October
30, 2015. Citigroup is acting as a book-running manager and
representative of the underwriters. Piper Jaffray is also a
book-running manager.
The shares of common stock are being offered pursuant to a
prospectus, including a prospectus supplement with an accompanying
base prospectus that are part of a shelf registration statement on
Form S-3 (File No. 333-205467) that was declared effective by the
Securities and Exchange Commission (the "SEC") on July 15, 2015. A
preliminary prospectus supplement related to the common stock
offering was filed with the SEC on October 26, 2015. The shares may
be offered only by means of a prospectus, including a prospectus
supplement with the accompanying base prospectus relating to the
offering filed as part of an effective registration statement filed
with the SEC on Form S-3. Copies of the preliminary prospectus
supplement with the accompanying prospectus relating to this
offering and the final prospectus supplement, when available, may
be obtained from Citigroup Global Markets, Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(tel: 800-831-9146). An electronic copy of the prospectus
supplement with the accompanying prospectus relating to the common
stock offering will also be available on the website of the SEC at
http://www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities of the Company, and
shall not constitute an offer, solicitation or sale of any security
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
About Del Taco Restaurants, Inc.
Del Taco is nationwide operator and franchisor of restaurants of
both Mexican inspired and American classic dishes featuring fresh
and fast made-to-order cuisine, using fresh ingredients including
cheddar cheese grated from 40-pound blocks, handmade pico de gallo
salsa, lard-free beans slow-cooked from scratch, fresh sliced
avocado and marinated chicken grilled in the restaurant. The menu,
which includes a full line of breakfast, includes classic Mexican
dishes such as tacos, burritos, quesadillas and nachos as well as
American favorites including hamburgers, crinkle-cut fries and
shakes. Del Taco and its franchisees operate close to 550
restaurants in 16 states and serves more than three million guests
each week.
Forward-Looking Statements
In addition to historical information, this release may contain
a number of “forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, without limitation, information concerning Del
Taco’s possible or assumed future results of operations, business
strategies, competitive position, industry environment, potential
growth opportunities and the effects of regulation. These
statements are based Del Taco’s management’s current expectations
and beliefs, as well as a number of assumptions concerning future
events. When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. Such forward-looking
statements are subject to known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Del Taco’s management’s control that could cause actual results to
differ materially from the results discussed in the forward-looking
statements. These risks include, without limitation, consumer
demand, our inability to successfully open company-operated or
franchised restaurants or establish new markets, competition in our
markets, our inability to grow and manage growth profitably,
adverse changes in food and supply costs, our inability to access
additional capital, changes in applicable laws or regulations, food
safety and foodborne illness concerns, our inability to manage
existing and to obtain additional franchisees, our inability to
attract and retain qualified personnel, our inability to profitably
expand into new markets, and the possibility that we may be
adversely affected by other economic, business, and/or competitive
factors. Additional risks and uncertainties are identified and
discussed in Del Taco’s reports filed with the SEC and available at
the SEC’s website at www.sec.gov.
Forward-looking statements included in this release speak only
as of the date of this release. Del Taco undertakes no obligation
to update its forward-looking statements to reflect events or
circumstances after the date of this release or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151026006639/en/
Media:Julia Young, 646-277-1280julia.young@icrinc.comorInvestor
Relations:Raphael Gross, 203-682-8253investor@deltaco.com
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