PHOENIX, Aug. 18, 2014 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the "Company") (Nasdaq:SFM) today announced the closing of an underwritten public offering of 17,158,191 shares of its common stock, including 2,158,191 shares sold as a result of the underwriters' partial exercise of their option to purchase 2,250,000 additional shares, 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 $30.00 per share. Apollo sold approximately 13 million of the total shares. The Selling Stockholders received all of the proceeds from the offering.
The offering is being made through an underwriting group led by Goldman, Sachs & Co., Credit Suisse, Apollo Global Securities, Deutsche Bank Securities, Guggenheim Securities, UBS Investment Bank and Wolfe Research Securities. Goldman, Sachs & Co. and Credit Suisse are acting as joint book-running managers of the offering and the representatives of the underwriters.
This offering is being made only by means of a prospectus and related prospectus supplement forming a part of the automatically effective registration statement filed by the Company with the Securities and Exchange Commission. Copies of the final prospectus and related prospectus supplement 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.
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.
About Sprouts Farmers Market
Sprouts Farmers Market is a healthy grocery store offering fresh, natural and organic foods at great prices. The Company offers a complete shopping experience that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, natural body care and household items catering to consumers' growing interest in health and wellness. Recently named one of the top five supermarket chains by Consumer Reports and headquartered in Phoenix, Arizona, Sprouts Farmers Market employs more than 17,000 team members and operates more than 180 stores in ten states.