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Friday, February 26, 2021

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.  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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