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Delta Apparel seeks SEC nod to sell $100mn worth shares
13
Nov '13
Delta Apparel, Inc. announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”). Under the shelf registration, upon being declared effective by the SEC, Delta Apparel may offer and sell, from time to time, up to $100 million of a variety of its securities over the next three years, which may consist of common stock, preferred stock, debt securities, warrants or units consisting of any of the foregoing.

The shelf registration statement is intended to give Delta Apparel additional flexibility to finance future business opportunities by accessing the capital markets on a timely and cost-effective basis.

At the present time, the Company has no specific plans to issue securities under the registration statement. The specifics of any future offering, along with the prices and terms of any such securities offered by Delta Apparel, will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering.

Robert W. Humphreys, Delta Apparel, Inc.’s Chairman and Chief Executive Officer, said the filing was a strategic move intended to provide flexibility. "We believe the universal shelf registration statement provides us optimal financial flexibility for general corporate purposes. In addition, it streamlines the process in the event we identify strategic opportunities that may require additional capital."

The shelf registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the shelf registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Any offering of the securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.

Delta Apparel


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