Francesca's (FRAN) Approves 7.4M Common Secondary

March 27, 2013 8:50 AM EDT
Francesca's Holdings Corporation (Nasdaq: FRAN) announced a secondary offering of 7,394,727 shares of its common stock. All 7,394,727 shares are being offered by selling stockholders, which includes certain members of management of the Company and certain affiliates of CCMP Capital Advisors, LLC. The Company will not receive any proceeds from the sale of shares in this offering.

Upon completion of this offering, CCMP Capital Advisors, LLC will no longer own any shares of the Company's common stock.

Jefferies LLC is acting as the sole underwriter for the offering.

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