Co-Manager
The Habit Restaurant, Inc.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On November 14, 2014, The Habit Restaurants, Inc. (NASDAQ: HABT ) ("The Habit," or the "Company") priced an Initial Public Offering for a real deal value of $90 million
- The deal priced 5,000,000 shares of common stock at $18.00 per share
- The initial filing range was $14.00 - $16.00
- Shares were 100% primary
- Proceeds from the Initial Public Offering will be used to (I) pay down debt under credit facility, (ii) support growth, working capital, and general corporate purposes (iii) as well as other fees and expenses incurred in connection with the initial public offering
- Stephens Inc. served as Co-Manager in the Offering
About the company
The Habit Restaurant, Inc.
The Habit Burger Grill is a fast-casual restaurant concept that specializes in preparing fresh, made-to-order char-grilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken, and sushi-grade albacore tuna cooked over an open flame. The first Habit opened in Santa Barbara, California in 1969. The Habit has since grown to over 100 restaurants in 10 markets throughout California, Arizona, Utah, and New Jersey.
Sources: Company filings and Stephens Inc. internal data
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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/1617977/000119312514421603/d776094d424b4.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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.