New World Restaurant Group, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed public offering of up to $125,000,000 of its common stock. The number of shares to be offered and the price range for the offering have not been determined. New World will use the proceeds of the offering to pay down its existing indebtedness.
Application has been made to list New World’s common stock on the Nasdaq Global Market under the symbol “BAGL.”
New World is the largest owner/operator, franchisor and licensor of bagel specialty restaurants in the United States with approximately 600 restaurants in 36 states and the District of Columbia under the Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel brands.
