Ollie’s Bargain Outlet Holdings, Inc. Announces Upsizing and Pricing of Secondary Offering
Ollie’s is not selling any shares in the offering, and the Selling Stockholders will receive all of the proceeds of the offering. In connection with the offering, the underwriters have a 30-day option to purchase up to 1,180,959 additional shares of Common Stock from certain of the Selling Stockholders, which includes an increase of 205,959 shares from the amount of shares previously announced.
J.P. Morgan,
The offering will be made only by means of a prospectus. A copy of the final prospectus relating to this offering, when available, may be obtained from any of the following sources:
J.P. Morgan Securities LLC , Attention: Prospectus Department, c/oBroadridge Financial Solutions ,1155 Long Island Avenue ,Edgewood, NY 11717, or via telephone: 1-866-803-9204Jefferies LLC , Attention: Prospectus Department,520 Madison Avenue , 2nd Floor,New York, NY , 10022, via telephone: 877-547-6340, or via email: Prospectus_Department@Jefferies.com- BofA Merrill Lynch,
222 Broadway ,New York, NY , 10038, Attention: Prospectus Department, or via email dg.prospectus_requests@baml.com
A registration statement relating to these securities has been filed with, and declared effective by, the
About Ollie’s
We are a highly differentiated and fast growing, extreme value retailer of brand name merchandise at drastically reduced prices. We are known for our assortment of merchandise offered as Good Stuff Cheap®. We offer name brand products,
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including risk regarding when we can complete this offering, and the following: our failure to adequately manage our inventory or anticipate consumer demand; changes in consumer confidence and spending; risks associated with intense competition; our failure to open new profitable stores, or successfully enter new markets, on a timely basis or at all; our ability to manage our inventory balances; our failure to hire and retain key personnel and other qualified personnel; our inability to obtain favorable lease terms for our properties; the loss of, or disruption in the operations of, our centralized distribution centers; fluctuations in comparable store sales and results of operations, including on a quarterly basis; risks associated with our lack of operations in the growing online retail marketplace; our inability to successfully implement our marketing, advertising and promotional efforts; the seasonal nature of our business; the risks associated with doing business with international manufacturers; changes in government regulations, procedures and requirements; our ability to service our indebtedness and to comply with our financial covenants; and risks related to the offering together with the other factors set forth under “Risk Factors” in the registration statement on Form S-1. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for to predict all of them. Ollie’s undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Investor Relations Contact:John Rouleau ICR 203-682-8200 John.Rouleau@icrinc.com Media Contact:Dan Haines VicePresident , Marketing & Advertising (717) 657-2300 dhaines@ollies.us