Floor & Decor Holdings Prices Secondary Offering

Floor & Decor Holdings said pre-market Thursday that the underwritten secondary offering of 10.7 million shares from some stockholders has been priced at $40 each, a 2.3% discount relative to the stock’s Wednesday closing price.

The company is not selling any shares in this offering and will not receive any proceeds from the sale. The sellers include linked to Ares Management, L.P. (ARES) and Freeman Spogli Management Co., L.P. and certain members of the company’s management and directors of the company. Underwriters have the option to buy up to 1.6 million additional shares.