Smart & Final underwrites offering of 10 million shares

Commerce, Calif. - Smart & Final Stores Inc. is pricing an underwritten public offering of 10 million shares of its common stock at $18.50 per share. The shares are owned by certain stockholders of the company, including affiliates of Ares Management L.P.



Ares is selling approximately 9.98 million shares of common stock in the offering. In addition, the selling stockholders have granted to the underwriters the option to purchase up to an additional 1.5 million shares of common stock. Smart & Final will not issue any shares in connection with the offering and will not receive any proceeds from the sale of the shares.



The offering is expected to close on April 20, 2015, subject to customary closing conditions.