Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) announced today that it plans to offer an aggregate of 7,100,000 shares of its common stock in an underwritten public offering.
Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) announced today that it plans to offer an aggregate of 7,100,000 shares of its common stock in an underwritten public offering. Certain stockholders also plan to offer an aggregate of 403,883 shares of common stock in the offering. The Company also plans to grant the underwriters a 30-day option to purchase up to 1,125,582 additional shares of common stock to cover overallotments, if any. BofA Merrill Lynch is serving as sole book-running manager of the offering.
The Company intends to use the net proceeds from the offering to repay outstanding debt under its credit facility and 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, attention: Prospectus Department, email dg.prospectus_requests@baml.com.
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