Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Portillo's Inc. entered into Stock Unit and Purchase Agreement with certain funds affiliated with Berkshire Partners LLC and other selling stockholders valued at aggregate purchase price of approximately $114.96 million (effective 2024-02-27).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain funds affiliated with Berkshire Partners LLC and other selling stockholders
- Value
- aggregate purchase price of approximately $114.96 million
- Effective
- 2024-02-27
Exact text from the filing
On February 27, 2024, Portillo’s Inc. (the “Company”) entered into a stock unit and purchase agreement (the “Stock Unit and Purchase Agreement”) with certain funds affiliated with Berkshire Partners LLC and other selling stockholders named therein (collectively, the “Selling Stockholders”), pursuant to which the Company agreed to (i) purchase limited liability company units of its subsidiary, PHD Group Holdings, LLC, from certain of the Selling Stockholders and (ii) purchase shares of Class A common stock of the Company from certain Selling Stockholders, in each case, in a private, non-underwritten transaction made in connection with an underwritten “synthetic secondary” public offering by the Company of 8,000,000 shares of its Class A common stock on February 28, 2024 (the “Offering”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Portillo's Inc. entered into Underwriting Agreement with BofA Securities, Inc. (effective 2024-02-28).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- BofA Securities, Inc.
- Effective
- 2024-02-28
Exact text from the filing
On February 28, 2024, the Company and PHD Group Holdings, LLC entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. as underwriter (the “Underwriter”) for the purchase and sale of 8,000,000 shares of the Company’s Class A common stock.
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