Simpson Thacher represented the underwriters, led by joint bookrunning managers Piper Jaffray & Co. and J.P. Morgan Securities LLC, in connection with a registered offering by Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s”) of an aggregate of 12,937,500 shares (including the full exercise of the underwriters’ option to purchase additional shares) of Del Frisco’s common stock. Del Frisco’s intends to use the net proceeds from the offering to repay a portion of its outstanding senior secured term loans which were used to finance its acquisition of Barteca Holdings LLC.
Del Frisco’s develops, owns and operates five restaurant concepts, including Del Frisco's Double Eagle Steakhouse, Barcelona Wine Bar, bartaco, Del Frisco's Grille and Sullivan's Steakhouse. Del Frisco’s currently operates 84 restaurants across 24 states and the District of Columbia.
The Simpson Thacher team included Art Robinson, John O’Connell and David Baruch (Capital Markets); Jon Cantor and Sarah Katz (Tax); Larry Moss and Stephan Bradley (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Amber Harezlak (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).