Susser Holdings Announces Public Offering of Common Stock

CORPUS CHRISTI, Texas -- Susser Holdings Corporation this afternoon announced that it has commenced an underwritten public offering of approximately 3.5 million shares of its common stock. In connection with the offering, Susser will grant the underwriters an option to purchase up to 525,000 additional shares.

Susser, a third-generation, family-led business with approximately 1,100 company-operated or contracted locations, intends to use the net proceeds from this offering for growth capital for new store development and general corporate purposes which may include opportunistic debt reduction, from time to time, based on market conditions.

The company operates 539 convenience stores in Texas, New Mexico and Oklahoma under the Stripes banner. Restaurant service is available in more than 325 of its stores, primarily under the proprietary Laredo Taco Company brand. The company also supplies branded motor fuel to approximately 560 independent dealers through its wholesale fuel division.

BofA Merrill Lynch is the sole book-running manager for this offering. BMO Capital Markets and Morgan Keegan are acting as joint lead managers for the offering. RBC Capital Markets and Wells Fargo Securities are acting as senior co-managers for the offering. Imperial Capital and Sidoti & Company, LLC are acting as co-managers for the offering.

Copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080 Attn: Prospectus Department, or via email at [email protected].

The company noted that the announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.