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Chewy | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC ·  Sep 20 05:30

Summary by Moomoo AI

Chewy, Inc., the trusted online destination for pet products and services, announced the launch of a public offering of $500 million of its Class A common stock on September 19, 2024. The shares are being offered by Buddy Chester Sub LLC, an affiliate of BC Partners, Chewy's largest shareholder. The underwriters have been granted a 30-day option to purchase an additional $75 million of Class A common stock. Chewy itself will not be selling any shares nor will it receive proceeds from the offering. The offering is subject to market conditions and its completion is not guaranteed. Concurrently, Chewy plans to repurchase $300 million of its Class A common stock from the Selling Stockholder, a transaction separate from its existing $500 million share repurchase program...Show More
Chewy, Inc., the trusted online destination for pet products and services, announced the launch of a public offering of $500 million of its Class A common stock on September 19, 2024. The shares are being offered by Buddy Chester Sub LLC, an affiliate of BC Partners, Chewy's largest shareholder. The underwriters have been granted a 30-day option to purchase an additional $75 million of Class A common stock. Chewy itself will not be selling any shares nor will it receive proceeds from the offering. The offering is subject to market conditions and its completion is not guaranteed. Concurrently, Chewy plans to repurchase $300 million of its Class A common stock from the Selling Stockholder, a transaction separate from its existing $500 million share repurchase program. The repurchase is approved by a special committee of independent directors and is contingent upon the closing of the public offering. Morgan Stanley is serving as the lead book-running manager for the offering. Chewy has filed the necessary registration statement with the SEC, and potential investors are advised to read the prospectus for more information before investing.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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