Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sun, August 14, 9:08 PM

Slide #70. Franchise Group, Inc. Preferred Stock Offering

Company: Franchise Group, Inc. (NASDAQ:FRG)
Date announced: 9/15/2020
Shares Offered: 1,200,000
Date of Pricing: 9/16/2020
Price Per Share: $25.00
Preferred Stock Offering Details: Franchise Group, Inc. (NASDAQ: FRG) ("Franchise Group" or the "Company") today announced it has commenced an underwritten registered public offering of shares of its Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share and liquidation preference of $25.00 per share (the "Preferred Stock"). The Company expects to grant the underwriters a 30-day option to purchase additional shares of the Preferred Stock in connection with the offering. updated 9/16- Franchise Group, Inc. (NASDAQ: FRG) ("Franchise Group" or the "Company") today announced the pricing of its underwritten registered public offering of 1,200,000 shares of 7.50% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share and liquidation preference of $25.00 per share (the "Preferred Stock") at an initial public offering price of $25.00 per share, raising gross proceeds of $30 million before deducting underwriting discounts, the structuring fee and other estimated offering expenses. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of Preferred Stock. The offering is expected to close on or about September 18, 2020, subject to customary closing conditions.

Franchise Group is an owner and operator of franchised and franchisable businesses. Co.'s business lines include: The Vitamin Shoppe, which is a retailer of vitamins, minerals, herbs, supplements, sports nutrition and others; Pet Supplies Plus, which is a retail chain and franchisor of pet supplies and services; Badcock Home Furniture & More, which is a retailer of furniture, appliances, bedding, electronics, home office equipment, accessories and seasonal items; American Freight, which provides in-store and online access to furniture, mattresses, new and out-of-box home appliances and home accessories; Buddy's Home Furnishings; and Sylvan Learning.
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Franchise Group Inc
Department Stores
Number of ETFs Holding FRG: 
29 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Preferred Stock Offerings - Slide 70 of 582 |

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