Big 5 Sporting Goods Corporation announced the pricing of a public offering of 5,200,000 shares of its common stock at $18.12 per share. The offering was increased from the previously announced amount of 4,500,000 shares.
All of the shares being sold in the offering are owned by Green Equity Investors, L.P., an investment fund formed by Los Angeles-based financial sponsor Leonard Green & Partners, L.P. Big 5 will not realize any proceeds from this offering. The offering is scheduled to close on November 21, 2003. Green Equity Investors, L.P. also granted the underwriters an option to purchase 780,000 shares of common stock to cover over-allotments, if any.