Bojangles' Inc. Commences Proposed Initial Public Offering of Common Stock

April 27, 2015 // Franchising.com // Charlotte, N.C.  - Bojangles’ Inc. (Bojangles’), today announced that it has commenced the underwritten initial public offering of 6,250,000 shares of its common stock (the “Offering”) pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission (the “Commission”). The proposed public offering is expected to consist solely of common stock to be offered by certain of Bojangles’ stockholders. In connection with the Offering, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the initial public offering price. The estimated price range for the initial public offering is $15 to $17 per share of common stock. After pricing the Offering, Bojangles’ expects that its common stock will trade on the NASDAQ Global Select Market under the symbol “BOJA”.

BofA Merrill Lynch, Wells Fargo Securities and Jefferies are acting as joint lead book-running managers in the proposed offering. Barclays, Goldman, Sachs & Co., Piper Jaffray, William Blair, KeyBanc Capital Markets and RBC Capital Markets are also acting as book-running managers in the proposed offering. Stephens Inc. and SunTrust Robinson Humphrey are acting as co-managers in the proposed offering.

The offering is being made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained, when available, from BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department, or by emailing: dg.prospectus_requests@baml.com; Wells Fargo Securities, LLC Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by emailing: cmclientsupport@wellsfargo.com, or by calling (800) 326-5897; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, by emailing Prospectus_Department@Jefferies.com, or by calling (877) 547-6340.

A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 Bojangles’ Inc.

Bojangles’ Inc. is a highly differentiated and growing restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from our Southern recipes. Founded in 1977 in Charlotte, N.C., Bojangles’ serves menu items such as delicious, famous chicken, made-from-scratch buttermilk biscuits, flavorful fixin’s and Legendary Iced Tea®. At March 29, 2015, Bojangles’ had 258 company-operated and 377 franchised restaurants, primarily located in the Southeastern United States.

SOURCE Bojangles’ Inc.

Contact:

Liz DiTrapano
646.277.1226
Liz.DiTrapano@icrinc.com

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