KANSAS CITY, Mo.--(BUSINESS WIRE)--Apr. 12, 2017--
Hostess Brands, Inc. (the “Company”) (Nasdaq: TWNK) today
announced the pricing of a public offering of approximately 20.1 million
shares of its Class A common stock held by certain of its
stockholders at $15.25 per share. The selling stockholders consist of
funds managed by affiliates of Apollo Global Management, LLC, selling
approximately 18.7 million shares; Gores Sponsor LLC, selling
approximately 0.9 million shares; and an entity controlled by C. Dean
Metropoulos, selling approximately 0.5 million shares. The underwriters
will have a 30-day option to purchase up to an additional approximately
3.0 million shares from the selling stockholders on a pro rata basis.
The Company will not issue shares in the offering and will not receive
any proceeds from the sale of the shares by the selling stockholders in
this offering. Settlement is scheduled for April 18, 2017, subject to
customary closing conditions.
Credit Suisse and Morgan Stanley are acting as joint book-running
managers for the offering and as representatives of the underwriters.
Barclays, Deutsche Bank Securities, RBC Capital Markets and UBS
Investment Bank are also acting as joint book-running managers for the
This offering will be made only by means of a prospectus and related
prospectus supplement forming a part of the registration statement
initially filed by the Company with the Securities and Exchange
Commission (the “SEC”) on November 14, 2016, which has been
declared effective by the SEC. Copies of the preliminary prospectus
supplement and, when available, final prospectus supplement and related
prospectus relating to the offering may be obtained by contacting:
Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
New York, New York 10010
Morgan Stanley & Co. LLC
Attn: Prospectus Department
Varick Street, 2nd Floor
New York, New York 10014
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor will there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
About Hostess Brands, Inc.
Hostess Brands, Inc. is a leading packaged food company focused on
developing, manufacturing, marketing, selling and distributing fresh
baked sweet goods in the United States. The Hostess brand dates to 1919
when Hostess CupCake was introduced to the public, followed by Twinkies
in 1930. In 2013, funds managed by affiliates of Apollo Global
Management, LLC, and entities controlled by C. Dean Metropoulos and
family acquired select Hostess assets out of the liquidation of the old
Hostess Brands company. That summer, Hostess products returned to store
shelves after a nine month absence. Today, we produce a variety of new
and classic treats under the Hostess® and Dolly Madison® group of
brands, including Twinkies®, CupCakes, Ding Dongs®, HoHos®, Donettes®
and Fruit Pies.
Certain statements in this press release are forward-looking as defined
in Section 27A of the Securities Act of 1933, as amended and Section 21E
of the Securities Exchange Act of 1934, as amended. Any statements
contained herein that are not statements of historical fact (including,
but not limited to, statements to the effect that Hostess Brands, Inc.
or its management “anticipates,” “plans,” “estimates,” “expects,”
“believes,” or the negative of these terms and other similar
expressions) should be considered forward-looking statements, including,
without limitation, the expected size and timing of the offering. These
statements involve certain risks and uncertainties that may cause actual
results to differ materially from expectations as of the date of this
release. These risks and uncertainties include, without limitation,
factors set forth in the Company’s registration statement related to the
offering and from time to time in the Company's SEC filings. The Company
intends these forward-looking statements to speak only as of the time of
this release and does not undertake to update or revise them as more
information becomes available, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170412006272/en/
Source: Hostess Brands, Inc.
LAK Public Relations, Inc.
Hannah Arnold or Marie
212-329-1417 or 212-899-4744