EL SEGUNDO, Calif., Nov 06, 2003 /PRNewswire-FirstCall via Comtex/ -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV), the leading sporting goods retailer in the western United States, today announced that it will file with the Securities and Exchange Commission a preliminary prospectus supplement to its existing shelf registration statement relating to a proposed underwritten public offering of 4,500,000 shares of its common stock.
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The common stock to be offered is owned by Green Equity Investors, L.P., an investment fund formed by Leonard Green & Partners (LGP), the Los Angeles- based private equity firm. As of the date of the filing, Green Equity Investors owns approximately 6.2 million shares of Big 5 common stock. Big 5 will not realize any proceeds from this offering. It is currently anticipated that the underwriters will be granted an over-allotment option for an additional 675,000 shares owned by Green Equity Investors.
Credit Suisse First Boston will be acting as the sole book-running manager for the offering, and U.S. Bancorp Piper Jaffray will be acting as a joint lead manager. Jefferies & Company, Inc., Stephens Inc., SunTrust Robinson Humphrey, Wells Fargo Securities, LLC and First Albany Capital, Inc. will be acting as co-managers of the offering.
A shelf registration statement related to the foregoing has previously been 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 any such state.
Copies of the preliminary prospectus supplement and related prospectus may be obtained by calling or writing the Prospectus Department at Credit Suisse First Boston LLC, Eleven Madison Avenue, New York, New York 10001, (212) 325-2580.
SOURCE Big 5 Sporting Goods Corporation
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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
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