Freshpet, Inc. Announces Pricing of Its Initial Public Offering
November 6, 2014
SECAUCUS, N.J., Nov. 6, 2014 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") today announced the pricing of its initial public offering of 10,416,667 shares of common stock at a public offering price of $15.00 per share. The shares are expected to begin trading on The NASDAQ Global Market under the ticker symbol "FRPT" beginning on Friday, November 7, 2014. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,562,500 shares. The offering is expected to close on November 13, 2014, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering to repay existing indebtedness, and to support the future growth and development of the business.
Goldman, Sachs & Co. and Credit Suisse are acting as joint book-running managers for the offering. Baird, Stifel, SunTrust Robinson Humphrey and Canaccord Genuity are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, phone: 866-471-2526, email: email@example.com; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, phone: 800-221-1037, email: firstname.lastname@example.org.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. Copies of the registration statement can also be accessed by visiting the Securities and Exchange Commission website at www.sec.gov.
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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
* * * *
Freshpet is a group of pet experts, nutritionists, and pet lovers dedicated to feeding pets the goodness of real, fresh food. Headquartered in Secaucus, New Jersey, Freshpet is the only U.S. manufacturer and marketer of fresh, refrigerated food for dogs and cats. Freshpet brands include Freshpet Select available at select grocery and mass market retailers, Deli Fresh and Vital available at select pet specialty stores, and Veterinary Nutrition available at select veterinarians.
In addition to its line of fresh ready to eat meals, Freshpet makes the first fresh refrigerated treats. Freshpet was founded in 2006 with a mission to elevate pets lives through fresh healthy and nutritious foods. Freshpet has grown to employ over 80 people around the country since 2006 with each employee having ownership. Additional information about Freshpet products, including a store locator, is available at www.freshpet.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages over $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of December 31, 2019.
MidOcean Media Relations Contacts
Nathaniel Garnick/Amanda Klein
Gasthalter & Co.
MidOcean Investor Relations Contact