Susser Holdings announces plans for a public offering of common stock

Deal offers 3.5 million shares with greenshoe option of 525,000 shares

By Devika Patel

Knoxville, Tenn., Nov. 28 - Susser Holdings Corp. said it plans to price a public sale of stock with a greenshoe.

The company will sell about 3.5 million common shares, with 525,000 shares allotted for the greenshoe.

Bank of America Merrill Lynch is the sole bookrunning manager; BMO Capital Markets and Morgan Keegan are the joint lead managers, and RBC Capital Markets and Wells Fargo Securities are the senior co-managers.

Proceeds will be used for growth capital for new store development and general corporate purposes, which may include opportunistic debt reduction.

Susser is a Houston-based independent convenience store operator and motor fuel distributor.

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