Del Frisco’s proposes secondary public offering

 

Del Frisco’s Restaurant Group Inc. (Nasdaq: DFRG) is proposing a secondary public offering of 5.4 million shares of common stock. Southlake-based Del Frisco’s operates Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille restaurants.

The underwriters will have a 30 day option from the date of the offering to purchase up to an additional 808,000 shares. All shares will be offered by the Company’s largest shareholder, an affiliate of Lone Star Funds. Del Frisco’s Restaurant Group, Inc. will not receive any proceeds from the sale of these shares. Deutsche Bank Securities, Piper Jaffray, and Wells Fargo Securities are serving as joint book-running managers for the offering. Raymond James and Stifel are serving as co-managers for the offering.