EL SEGUNDO, Calif., Nov. 17 /PRNewswire-FirstCall/ -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV), the leading sporting goods retailer in the western United States, today announced the pricing of a public offering of 5,200,000 shares of its common stock at $18.12 per share. The offering was increased from the previously announced amount of 4,500,000 shares.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020715/BIG5LOGO )
All of the shares being sold in the offering are owned by Green Equity Investors, L.P., an investment fund formed by Los Angeles-based financial sponsor Leonard Green & Partners, L.P. Big 5 will not realize any proceeds from this offering. The offering is scheduled to close on November 21, 2003. Green Equity Investors, L.P. also granted the underwriters an option to purchase 780,000 shares of common stock to cover over-allotments, if any.
Credit Suisse First Boston is the sole book-running manager for the offering, and U.S. Bancorp Piper Jaffray is a joint lead manager. Jefferies & Company, Inc., Stephens Inc., SunTrust Robinson Humphrey, Wells Fargo Securities, LLC and First Albany Capital Inc. are co-managers of the offering.
Copies of the final prospectus supplement and related prospectus may be obtained from Credit Suisse First Boston LLC, Prospectus Department, One Madison Avenue, New York, NY 10010 or by telephonic request at 212-325-2580.
A shelf registration statement related to the common stock to be sold in the offering was previously filed and declared effective by the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time that the prospectus supplement and related prospectus are delivered in final form. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
SOURCE Big 5 Sporting Goods Corporation
-0- 11/17/2003
/CONTACT: Charles Kirk, Sr. Vice President and Chief Financial Officer of
Big 5 Sporting Goods Corporation, +1-310-536-0611; or Robert Jaffe of
PondelWilkinson MS&L, +1-323-866-6060, for Big 5 Sporting Goods Corporation/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020715/BIG5LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com/
(BGFV)
CO: Big 5 Sporting Goods Corporation; Credit Suisse First Boston; U.S.
Bancorp Piper Jaffray; Jefferies & Company, Inc.; Stephens Inc.; SunTrust
Robinson Humphrey; Wells Fargo Securities, LLC; First Albany Capital
Inc.; Leonard Green & Partners, L.P.; Green Equity Investors, L.P.
ST: California
IN: REA SPT
SU: OFR
SK
-- LAM158 --
1690 11/17/2003 23:35 EST http://www.prnewswire.com