Francesca's Announces Secondary Offering

By: Associated Press
By: Associated Press

Francesca's Holding Corp. has announced a secondary offering of about 7.4 million shares of its common stock.

The Houston-based women's accessories and clothing company said late Tuesday that all of the shares are being offered by selling stockholders, including some of its management and certain CCMP Capital Advisors LLC affiliates.

CCMP will no longer own any of the company's stock once the offering closes.

Francesca's Holdings Corp. will not receive any of the offering's proceeds. The company has almost 44 million shares.

The company last week announced better-than-expected fourth-quarter results and issued a strong outlook for the current quarter and full year.

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