AUSTIN, Texas--(BUSINESS WIRE)--
YETI Holdings, Inc. (“YETI”) (NYSE: YETI) announced today the
commencement of an underwritten public offering (the “Offering”) of
9,500,000 shares of YETI’s common stock by certain of its stockholders.
In connection with the Offering, the selling stockholders intend to
grant to the underwriters a 30-day option to purchase up to an
additional 1,425,000 shares of YETI’s common stock. YETI is not offering
any shares of its common stock in the Offering and will not receive any
proceeds from the sale of shares in the Offering.
BofA Merrill Lynch, Jefferies, and Morgan Stanley are acting as lead
book-running managers and as representatives of the underwriters for the
Offering.
A registration statement on Form S-1 relating to the Offering has been
filed with the Securities and Exchange Commission, but has not yet
become effective. The shares of common stock included in the Offering
may not be sold nor may offers to buy be accepted prior to the time the
registration statement on Form S-1 becomes effective. The Offering may
be made only by means of a prospectus. A copy of the preliminary
prospectus relating to the Offering, when available, may be obtained
from BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd
Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by
email at dg.prospectus_requests@baml.com;
Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520
Madison Avenue, 2nd Floor, New York, NY 10022, by phone at
1-877-821-7388 or by email at Prospectus_Department@Jefferies.com;
or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014.
This press release 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 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
jurisdiction.
About YETI Holdings, Inc.
YETI is a designer, marketer, retailer, and distributor of a variety of
innovative, branded, premium products to a wide ranging customer base.
Our mission is to ensure that each YETI product delivers exceptional
performance and durability in any environment, whether in the remote
wilderness, at the beach, or anywhere else life takes our customers. By
consistently delivering high performing products, we have built a
following of engaged brand loyalists throughout the United States,
Canada, Japan, Australia, and elsewhere, ranging from serious outdoor
enthusiasts to individuals who simply value products of uncompromising
quality and design. Our relationship with customers continues to thrive
and deepen as a result of our innovative new product introductions,
expansion and enhancement of existing product families, and multifaceted
branding activities.
Forward-Looking and Cautionary Statements
This press release contains ‘‘forward-looking statements’’ within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical or current fact included
in this press release are forward-looking statements. Forward-looking
statements include statements concerning the terms of the Offering and
the completion, timing, and size of the Offering. Forward-looking
statements are subject to a number of risks and uncertainties, many of
which involve factors or circumstances that are beyond YETI’s control,
including, without limitation, risks and uncertainties related to market
conditions, that the size of the Offering could change or the Offering
could be terminated, and the satisfaction of customary closing
conditions related to the Offering. Actual results could differ
materially from those stated or implied in forward-looking statements
due to a number of factors, including but not limited to, risks detailed
in the section entitled “Risk Factors” and elsewhere in YETI’s Quarterly
Report on Form 10-Q for the quarter ended March 30, 2019, and in the
registration statement on Form S-1 related to the Offering filed with
the Securities and Exchange Commission. The forward-looking statements
included in this press release represent YETI’s views as of the date of
this press release. YETI undertakes no intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events, changes in YETI’s expectations or otherwise.
These forward-looking statements should not be unduly relied upon or
represent YETI’s views as of any date subsequent to the date of this
press release.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190506005773/en/
Investor Relations Contact:
Tom Shaw, 512-271-6332
Investor.relations@yeti.com
Media Contact:
Alecia Pulman, 203-682-8224
alecia.pulman@icrinc.com
Brittany
Fraser, 646-277-1231
brittany.fraser@icrinc.com
Source: YETI Holdings, Inc.