National Vision Holding Inc. (EYE) Prices 15.8M Share IPO at $22/Sh

National Vision Holdings, Inc. (NASDAQ: EYE) today announced the pricing of its initial public offering of 15,800,000 shares of its common stock at $22.00 per share. Shares of National Vision’s common stock are expected to begin trading on the NASDAQ Global Select Market on October 26, 2017 under the symbol “EYE,” and the offering is expected to close on October 30, 2017, subject to customary closing conditions. National Vision has granted the underwriters a 30-day option to purchase up to an additional 2,370,000 shares of its common stock to cover over-allotments, if any.

National Vision will receive net proceeds of approximately $322.4 million after deducting underwriting discounts and commissions and estimated offering expenses and intends to use the net proceeds from the offering: first, to repay all $125.0 million outstanding aggregate amount of its second lien term loans; second, to repay approximately $190.0 million of the outstanding amount of its first lien term loans; and third, all remaining amounts for general corporate purposes, including the payment of accrued and unpaid interest on the term loans.

BofA Merrill Lynch, Goldman Sachs & Co. LLC, Citigroup and KKR Capital Markets are acting as joint bookrunning managers for the offering, and Morgan Stanley, Jefferies, UBS Investment Bank and Wells Fargo Securities are also acting as bookrunners for the offering. Guggenheim Securities, Mizuho Securities and Macquarie Capital are acting as co-managers for the offering.

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