Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) announced today
that it plans to offer 4,000,000 shares of its common stock in an
underwritten public offering. The Company also plans to grant the
underwriters a 30-day option to purchase up to 600,000 additional shares
of common stock to cover overallotments, if any. BofA Merrill Lynch is
serving as sole book-running manager of the offering. Canaccord Adams is
serving as co-lead manager. William Blair & Company, SunTrust Robinson
Humphrey and Janney Montgomery Scott are serving as co-managers.
The Company intends to use the net proceeds from the offering to repay
debt, including part of the outstanding balance under its credit
facility, and the remainder for general corporate purposes.
The offering is being conducted as a public offering under the Company’s
effective shelf registration statement filed with the Securities and
Exchange Commission. Copies of the prospectus supplement and prospectus
relating to these securities may be obtained by contacting: BofA Merrill
Lynch, 4 World Financial Center, New York, NY 10080, telephone
212-449-1000, attention: Prospectus Department; Canaccord Adams, 99 High
Street, 12th Floor, Boston, MA 02110, telephone 800-225-6201, attention:
Syndicate Department; William Blair & Company, 222 West Adams Street,
Chicago, IL 60606, telephone: 312-236-1600, attention: Syndicate;
SunTrust Robinson Humphrey, 3333 Peachtree Rd. NE, Atlanta, GA 30326,
telephone: 404-926-5463 or by e-mail at prospectus@rhco.com;
or Janney Montgomery Scott, 60 State Street, 35th Floor, Boston, MA
02109, attention: Equity Syndicate Department or prospectus@jmsonline.com,
telephone: 617-557-2971.
This communication 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 other 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 other
jurisdiction.
Forward-Looking Statements
Certain statements contained herein, including the Company’s intention
to complete the offering and the expected use of net proceeds, are not
based on historical fact and are “forward-looking statements” within the
meaning of the applicable securities laws and regulations. Owing to the
uncertainties inherent in forward-looking statements, actual events or
results could differ materially from those stated here. These
forward-looking statements reflect management’s expectations as of the
date of this press release and are subject to certain risks and
uncertainties, including that the proposed offering is subject to market
conditions and other factors. The Company does not undertake to revise
these statements to reflect subsequent developments.
Green Mountain Coffee Roasters, Inc.
Frances G. Rathke,
802-882-2300
CFO
