PHILADELPHIA, July 6, 2020: Morgan Lewis represented Denny’s Corp., the franchisor and operator of one of America’s largest franchised full-service restaurant chains, in its public offering of 8 million shares of common stock listed on the Nasdaq Stock Market under the symbol “DENN.”
The shares were offered at $9.15 per share for a total offering price of $73.2 million. Wells Fargo Securities, SunTrust Robinson Humphrey, Citizens Capital Markets, and Regions Securities LLC acted as joint book-running managers in the transaction. Denny's plans to use the proceeds from the offering for general corporate purposes.
Partner Justin Chairman led the team advising Denny’s with support from partner Casey August and associates Lauren Galbraith, Rick Umbrecht, and Ben Weiss.