Banking & Finance  July 27, 2018

Noodles & Co. prices public stock offering at $10 per share

By

BROOMFIELD — Noodles & Co. (Nasdaq: NDLS) on Thursday priced its previously announced public offering of 8.5 million shares of Class A common stock at $10 per share.

The Broomfield-based chain of fast-casual restaurants has agreed to sell 2.5 million shares of common stock, and certain stockholders have agreed to sell 6, million shares of common stock.

Noodles & Co. will use substantially all of the net proceeds from the sale of its 2.5 million shares to repay, in part, borrowings under its revolving credit facility. Noodles & Co. will not receive any…

Related Posts

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: Banking & Finance Broomfield Hospitality & Tourism Today's News Noodles & Co.
Sign up for BizWest Daily Alerts