Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-202112
Supplementing the Preliminary Prospectus
dated February 23, 2015 (as amended)

 

PRICING TERM SHEET
DATED FEBRUARY 25, 2015

 

BOOT BARN HOLDINGS, INC.

5,422,212 SHARES OF COMMON STOCK

 

The information in this pricing term sheet should be read in conjunction with Boot Barn Holdings, Inc.’s preliminary prospectus dated February 23, 2015 (the “Preliminary Prospectus”) relating to the offering by certain stockholders (the “Selling Stockholders”) of Boot Barn Holdings, Inc. (the “Company”) of common stock, $0.0001 par value per share (the “Common Stock”), of the Company, and supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in such Preliminary Prospectus.  In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus. Capitalized terms used but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus. The Preliminary Prospectus may be accessed through the following link: http://www.sec.gov/Archives/edgar/data/1610250/000104746915001058/a2223087zs-1a.htm

 

Issuer

 

Boot Barn Holdings, Inc.

Securities

 

Common Stock

Exchange: Ticker

 

NYSE: BOOT

Common Stock offered by Selling Stockholders

 

5,422,212

Over-allotment option

 

813,332 additional shares of Common Stock to cover any overallotments

Public offering price

 

$23.50 per share / $127,421,982 total

Underwriting discount

 

$1.175 per share / $6,371,099.10 total

Joint book-running managers

 

J.P. Morgan Securities LLC, Piper Jaffray & Co. and Jefferies LLC

Pricing date

 

February 25, 2015

Trade date

 

February 26, 2015

Expected settlement date

 

March 3, 2015

 



 

Selling Stockholders

 

The following table supersedes the corresponding columns in the table set forth in the Preliminary Prospectus under the heading “Principal and selling stockholders”.  Except for the amounts and percentages set forth in the columns below, all information (including footnotes) contained in the Preliminary Prospectus under the heading “Principal and selling stockholders” remains unchanged.

 

 

 

 

 

 

 

 

 

Number of

 

 

 

 

 

 

 

 

 

Shares Beneficially Owned

 

Additional Shares

 

Shares Beneficially Owned

 

 

 

 

 

After this Offering Assuming No

 

Offered if

 

After this Offering Assuming Full

 

 

 

 

 

Exercise of the Underwriters’ Option

 

Underwriter’s

 

Exercise of the Underwriters’ Option

 

 

 

Number of Shares

 

 

 

Percentage of

 

Option is

 

 

 

Percentage of

 

 

 

Being Offered

 

Number

 

Class

 

Exercised in Full

 

Number

 

Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5% Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

Freeman Spogli & Co.

 

4,859,739

 

12,890,261

 

50.1

%

729,186

 

12,161,075

 

47.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directors and Named Executive Officers:

 

 

 

 

 

 

 

 

 

 

 

 

 

Greg Bettinelli

 

8,567

 

62,823

 

0.2

%

1,285

 

61,538

 

0.2

%

Brenda I. Morris

 

 

3,125

 

0.0

%

 

3,125

 

0.0

%

J. Frederick Simmons

 

 

 

 

 

 

 

Peter Starrett

 

35,000

 

317,530

 

1.2

%

5,000

 

312,530

 

1.2

%

James G. Conroy

 

 

239,160

 

0.9

%

 

239,160

 

0.9

%

Gregory V. Hackman

 

 

 

 

 

 

 

Paul Iacono

 

 

162,875

 

0.6

%

 

162,875

 

0.6

%

Laurie Grijalva

 

 

133,875

 

0.5

%

 

133,875

 

0.5

%

All directors and executive officers as a group (10 persons)

 

43,567

 

919,388

 

3.6

%

6,285

 

913,103

 

3.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Selling Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitala Finance Corp.

 

164,273

 

435,727

 

1.7

%

24,648

 

411,079

 

1.6

%

Brookside Mezzanine Fund II, L.P.

 

94,409

 

250,416

 

1.0

%

14,166

 

236,250

 

0.9

%

Ampex Retirement Master Trust

 

10,383

 

27,542

 

0.1

%

1,558

 

25,984

 

0.1

%

JJJ Charitable Foundation

 

4,723

 

12,527

 

0.0

%

709

 

11,818

 

0.0

%

Hartford Accident and Indemnity Company

 

60,440

 

206,610

 

0.8

%

9,069

 

197,541

 

0.8

%

Hartford Life and Accident Insurance Company

 

6,716

 

22,959

 

0.1

%

1,008

 

21,951

 

0.1

%

Patrick Meany

 

177,962

 

472,038

 

1.8

%

26,703

 

445,335

 

1.7

%

All other selling stockholders

 

518,906

 

1,427,819

 

5.6

%

77,861

 

1,349,958

 

5.3

%

 



 

Additional Changes to Preliminary Prospectus

 

The following discussion supplements and supersedes the information contained in the Preliminary Prospectus to the extent inconsistent with such Preliminary Prospectus:

 

Upon completion of this offering, if the underwriters fully exercise their option to purchase additional shares of common stock in this offering, Freeman Spogli & Co. will control approximately 47.3% of the total voting power of our outstanding common stock. In that event, we will cease to be considered a “controlled company” under the corporate governance listing standards of the NYSE.  Prior to this offering, we had relied on an exemption from certain NYSE corporate governance requirements available to controlled companies. If we cease to be a controlled company after this offering, we will rely on the NYSE transition rules applicable to a company that has ceased to be a controlled company for purposes of compliance with applicable NYSE corporate governance requirements.

 

Legends

 

The Company has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at 1-866-803-9204; Piper Jaffray & Co., 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, or by telephone at (800) 747-3924, or by e-mail at prospectus@pjc.com; and, Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by emailing Prospectus Department@Jefferies.com, or by calling (877) 547-6340.