Susser Releases Pricing For Wellspring’s Secondary Offering Of Common Stock

Susser prices approximately 5 million shares of its common stock.

Susser Holdings Corp. announced it has priced a public secondary offering by affiliates of Wellspring Capital Management of 5 million shares of Susser common stock at a price of $36 per share.

Wellspring has granted the underwriters a 30-day option to purchase an additional 750,000 of its shares in the company at a price of $36 per share. The closing of the offering is expected to take place July 23.

Susser will not receive any proceeds from the offering, and its total number of shares, which exceeded 20 million as of July 1, will not change because of the offering. BofA Merrill Lynch, Jefferies and BMO Capital Markets are the joint book-running managers for the offering. Copies of the prospectus supplement and accompanying prospectus relating to the offering can be obtained from any of those three companies.

Susser Holdings Corp. is a family-led business, operating 545 convenience stores in Texas, New Mexico and Oklahoma under the Stripes banner. The company also supplies branded motor fuel to 565 independent dealers through its wholesale fuel division.

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