News

Taco Cabana parent launches SPO

March 19, 2013

Fiesta Restaurant Group Inc., parent company of the Pollo Tropical and Taco Cabana restaurant brands, today announced the launch of a proposed secondary public offering of 2,500,000 shares of common stock.

All shares will be offered by funds managed by Jefferies Capital Partners. The selling shareholders also granted the underwriters an option to purchase up to an additional 375,000 shares of common stock. Fiesta will not receive any proceeds from the sale of any shares in the offering.

Jefferies LLC, Piper Jaffray & Co., and Raymond James & Associates, Inc. are serving as joint book-running managers for the offering. Stephens Inc. is serving as co-manager for the offering.

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