Grocery Outlet Holding Corp. (GO) Prices 15M Share Upsized Secondary Offering at $34/Sh

Grocery Outlet Holding Corp. (NASDAQ: GO) today announced the pricing of an underwritten public offering by certain selling stockholders of the Company, including the selling stockholder affiliated with Hellman & Friedman LLC (the “H&F Investor”), of 15,000,000 shares of the Company’s common stock at an initial price to the public of $34.00 per share. The offering is expected to close on April 27, 2020, subject to customary closing conditions. The H&F Investor has granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of the Company’s common stock at the public offering price less the underwriting discount.

The Company is not selling any shares of common stock in the offering, will not receive any of the proceeds from the sale and will bear the costs associated with the sale of such shares, other than underwriting discounts and commissions.

The offering is being made through an underwriting group led by Morgan Stanley, BofA Securities, Deutsche Bank Securities, Jefferies, Barclays, Goldman Sachs & Co. LLC, Guggenheim Securities, UBS Investment Bank and Cowen, who are acting as joint book-running managers for the offering. Telsey Advisory Group, Drexel Hamilton and Penserra Securities LLC are acting as co-managers.

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