Burger King Holdings, Inc. today
announced the pricing of its initial public offering of 25,000,000 shares
of common stock, at a price of $17 per share.

The shares will be listed on
the New York Stock Exchange and will trade under the symbol “BKC” beginning
May 18, 2006. The 25,000,000 shares will be sold by the company. The
underwriters have an option to purchase up to an additional 3,750,000
shares from the selling stockholders at the initial public offering price
less the underwriting discount.

The company expects to receive net proceeds of approximately $393
million from the offering and intends to use the net proceeds for repayment
of $350 million of outstanding debt related to the company’s senior secured
credit facility with the balance used for general business purposes. The
company will not receive any proceeds from a sale of the shares by the
selling stockholders if the underwriters exercise their option to purchase
additional shares. Following this offering, Burger King Holdings, Inc. will
remain majority-owned by the equity sponsor group comprised of Texas
Pacific Group, Bain Capital Partners and the Goldman Sachs Funds.

J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Goldman,
Sachs & Co. and Morgan Stanley & Co. Incorporated have acted as joint
book-running managers for the offering.

News, Burger King