LOGAN'S ROADHOUSE PRICES OFFERING OF 1,000,000 SHARES OF COMMON STOCK AT $24.00 PER SHARE.NASHVILLE, Tenn.--(BUSINESS WIRE)--July 23, 1997--Logan's Roadhouse road·house n. An inn, restaurant, or nightclub located on a road outside a town or city. roadhouse Noun a pub or restaurant at the side of a road Noun 1. , Inc. (Nasdaq/NM:RDHS RDHS River Dell Regional High School (Oradell, New Jersey) ) today announced that its underwritten offering Underwritten offering A purchase and sale. of 1,000,000 shares of the Company's common stock has been priced at $24.00 per share. All of the shares were offered by the Company, raising net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of approximately $22.4 million. The Company intends to use the net proceeds from the sale of its shares to finance the development of additional restaurants and improvements at existing restaurants. The Company and one of the selling shareholders have granted the underwriters an over-allotment option for an additional 150,000 shares. J.C. Bradford & Co. and Equitable Securities Corporation are the managing underwriters of the offering. The shares trade on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (National Market) under the symbol RDHS. Logan's Roadhouse Logan's Roadhouse is a chain of restaurants that was founded in 1991, and in 1999 became a wholly owned subsidiary of the publicly held CBRL Group, Inc (which also owns Cracker Barrel). , Inc. operates 22 Company-owned Logan's Roadhouse(R) restaurants, which feature steaks, ribs, chicken, and seafood dishes in a distinctive atmosphere reminiscent of an American roadhouse. The Logan's Roadhouse menu is designed to attract a broad range of customers by offering generous portions of moderately priced, high quality food which appeals to a wide variety of tastes. The restaurants offer a casual and entertaining dining environment, are open seven days a week for lunch and dinner and provide full bar service. 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 the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the Prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained from either of the managing underwriters, J.C. Bradford & Co., 330 Commerce Street, Nashville, Tennessee 37201 or Equitable Securities Corporation, 800 Nashville City Center, Nashville, Tennessee 37219-1743. CONTACT: Logan's Roadhouse Inc., David J. McDaniel, 615/885-9056 |
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