Chuy's Holdings to price initial public offering of its common stock

Jefferies, Baird are underwriters; funds will be used to prepay loan

By Devika Patel

Knoxville, Tenn., Aug. 5 - Chuy's Holdings, Inc. will price an initial public offering of its common stock, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

The deal also has a 30-day greenshoe option.

Jefferies & Co., Inc. and Robert W. Baird & Co. Inc. are the underwriters.

Proceeds will be used to make a mandatory prepayment on the company's term A loan and pay the Libor funding breakage costs under its new senior secured credit facility, pay a $2 million termination fee on its advisory agreement with a sponsor and for working capital and other general corporate purposes.

The restaurant chain is based in Austin, Texas.

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