KANSAS CITY, Mo.--(BUSINESS WIRE)--Apr. 19, 2017--
Hostess Brands, Inc. (the “Company”) (Nasdaq: TWNK) today announced the
closing of a public offering of approximately 23.1 million shares of its
Class A common stock held by certain of its stockholders at $15.25 per
share (which includes the full exercise by the underwriters of their
option to purchase up to approximately 3.0 million shares). The selling
stockholders consisted of funds managed by affiliates of Apollo Global
Management, LLC, selling approximately 21.5 million shares; Gores
Sponsor LLC, selling 1.0 million shares; and an entity controlled by C.
Dean Metropoulos, selling 0.6 million shares. The Company did not issue
shares in the offering and did not receive any proceeds from the sale of
the shares by the selling stockholders in this offering.
Credit Suisse and Morgan Stanley acted 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
also acted as joint book-running managers for the offering.
This offering was 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 was declared
effective by the SEC. Copies of the final prospectus supplement and
related prospectus relating to the offering may be obtained by
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.
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Source: Hostess Brands, Inc.
LAK Public Relations, Inc.
Hannah Arnold or Marie
212-329-1417 or 212-899-4744