Franchise Group, Inc. | Stephens

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Franchise Group, Inc.

$98 Million 06/26/2020 Specialty Finance Complete
Public Companies
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Transaction Details

  • On June 26, 2020, Franchise Group, Inc. (“Franchise Group” or the “Company”) announced the upsizing and pricing of an underwritten public offering of 4,200,000 shares of its common stock at a price to the public of $23.25 per share
  • The size of the offering was increased from the previously announced 3,500,000 shares of common stock
  • The Company also granted the underwriters a 30-day option to purchase up to an additional 630,000 shares of Franchise Group common stock
  • Franchise Group intends to use the net proceeds from the offering for working capital and general corporate purposes

About the company

Franchise Group, Inc. (Nasdaq: FRG) is an operator of franchised and franchisable businesses and uses its operating expertise to drive cost efficiencies and grow its brands. Franchise Group’s business lines include Liberty Tax Service, Buddy’s Home Furnishings, American Freight and The Vitamin Shoppe. On a combined basis, Franchise Group currently operates over 4,100 locations predominantly located in the U.S. and Canada that are either Company-run or operated pursuant to franchising agreements.

Sources: Company filings and press release.
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    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1528930/000110465920076857/tm2023291-1_424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.

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