Bright Horizons Family Solutions Inc. (NYSE: BFAM) announced the pricing of the previously announced underwritten public offering by certain of its stockholders, including its Chief Executive Officer of 4,000,000 shares of its common stock at price to the public of $87.50 per share. The Company has agreed to repurchase from the underwriters 1,000,000 shares of the 4,000,000 shares of common stock being sold by the Selling Stockholders at a per-share purchase price equal to the price payable by the underwriters to the Selling Stockholders. As such, only 3,000,000 shares of the 4,000,000 shares of common stock being sold by the Selling Stockholders will be sold to the public. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. The offering is expected to close on November 14, 2017, subject to customary closing conditions.
Goldman Sachs & Co. LLC and Barclays will act as underwriters for the offering.
About Bright Horizons Family Solutions Inc.
Bright Horizons Family Solutions® is a leading provider of high-quality child care, early education and other services designed to help employers and families better address the challenges of work and family life. The Company provides center-based full service child care, back-up dependent care and educational advisory services to more than 1,100 clients across the United States, the United Kingdom, the Netherlands, Canada and India, including 150 FORTUNE 500 companies and 80 of Working Mother magazine's 2017 "100 Best Companies for Working Mothers." Bright Horizons has been recognized 17 times as one of FORTUNE magazine's "100 Best Companies to Work For" and is one of the UK's Best Workplaces as designated by the Great Place to Work® Institute. Bright Horizons is headquartered in Watertown, MA.