AdvancePierre Foods Announces Closing of Secondary Offering and Full Exercise of Underwriters’ Option to Purchase Additional Common Stock

CINCINNATI--(BUSINESS WIRE)--AdvancePierre Foods Holdings, Inc. (“AdvancePierre”), a leading national producer and distributor of sandwiches, sandwich components and other entrées and snacks, today announced the closing of the previously announced underwritten secondary offering of shares of its common stock held by certain of its stockholders, including funds managed by Oaktree Capital Management, L.P. and members of AdvancePierre’s management, at $27.00 per share. The selling stockholders sold 14,375,000 shares of common stock, including 1,875,000 shares of common stock pursuant to the full exercise by the underwriters of their option to purchase additional common stock from the selling stockholders at $27.00 per share, less underwriting discounts and commissions. The selling stockholders received all of the proceeds of the offering. AdvancePierre did not offer any shares of its common stock in the offering and did not receive any proceeds from the offering.