Burlington Stores, Inc. Announces the Closing of its Initial Public Offering

Burlington Stores, Inc. Announces the Closing of its Initial Public Offering

BURLINGTON, N.J.--(BUSINESS WIRE)-- Burlington Stores, Inc. (the “Company”) announced today the closing of its previously announced initial public offering of 13,333,333 shares of common stock at a price to the public of $17.00 per share. The Company also announced that the underwriters exercised in full their option to purchase up to an additional 2,000,000 shares at the initial public offering price, less the underwriting discount. The sale of the additional 2,000,000 shares was also completed today. The Company’s common stock began trading on the New York Stock Exchange under the symbol “BURL” on October 2, 2013.

J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Goldman, Sachs & Co., and Wells Fargo Securities acted as joint book-running managers for the offering. BMO Capital Markets, Cowen and Company, Guggenheim Securities, SunTrust Robinson Humphrey, Telsey Advisory Group and Ramirez & Co., Inc. acted as co-managers for the offering.

A registration statement relating to the Company’s common stock has been filed with and declared effective by the Securities and Exchange Commission. The offering was made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866) 803-9204, Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department, by phone at (866) 718-1649 or by emailing prospectus@morganstanley.com or BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department or by emailing dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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.

About Burlington Stores, Inc.

The Company, through its wholly-owned subsidiaries, operates a national chain of off-price retail stores offering ladies’, men’s and children’s apparel and accessories, home goods, baby products and coats.

Safe Harbor for Forward-Looking and Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the initial public offering. These statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections regarding the Company’s business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission.



Burlington Stores, Inc.
Robert L. LaPenta, Jr.
Vice President – Treasurer
855-973-8445
Info@BurlingtonInvestors.com

KEYWORDS:   United States  North America  New Jersey

INDUSTRY KEYWORDS:

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