Here are the 424B prospectus supplements from Yesway, Inc. (YSWY) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow YSWY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full YSWY filings page.
Yesway, Inc. is offering 14,000,000 shares of Class A common stock at an initial public offering price of $20.00 per share, generating gross proceeds of $280,000,000. After underwriting discounts of $18,200,000 and estimated offering expenses, Yesway expects net proceeds to the company of approximately $246.0 million to purchase LLC Interests from Parent, redeem preferred membership interests, pay down indebtedness and for general corporate purposes.
The company will remain a controlled company post-transaction: Brookwood and the Continuing Equity Owners will hold Class B and LLC interests that together retain majority voting power (approximately 52.4% of voting power; ~50.7% if underwriters fully exercise their option). Yesway will be the sole managing member of Parent (BW Ultimate Parent, LLC) and will consolidate Parent while recording a significant non-controlling interest for the economic interest retained by Continuing Equity Owners.
Material transactional features disclosed include a $18.4 million Final Payment to certain Continuing Equity Owners, a Tax Receivable Agreement sharing 85% of realized tax benefits with Continuing Equity Owners and Blocker Shareholders, and an underwriters’ overallotment option of 2,100,000 additional shares.