Freshpet, Inc. Closes Its Initial Public Offering

SECAUCUS, N.J., Nov. 13, 2014 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq:FRPT) today announced the closing of its initial public offering of 11,979,167 shares of common stock, including 1,562,500 shares of common stock issued as a result of the full exercise of the underwriters' option to purchase additional shares, at a price of $15.00 per share.

The Company received net proceeds from the offering of approximately $164.1 million, after deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds from the offering to repay existing indebtedness, and to support the future growth and development of the business.

Goldman, Sachs & Co. and Credit Suisse are acting as joint book-running managers for the offering. Baird, Stifel, SunTrust Robinson Humphrey and Canaccord Genuity are acting as co-managers for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 6, 2014. The final prospectus relating to the offering has been filed with the Securities and Exchange Commission and copies may be obtained by request from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, phone: 866-471-2526, email: prospectus-ny@ny.email.gs.com; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, phone: 800-221-1037, email: newyork.prospectus@credit-suisse.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.