Burlington Stores announces pricing of IPO

Burlington Stores has priced its underwritten initial public offering of 13,333,333 shares of its common stock at a price to the public of $17.00 per share. The offering is expected to close on October 7, 2013. The company is backed by Bain Capital.

PRESS RELEASE

Burlington Stores, Inc. (the “Company”) announced today the pricing of its underwritten initial public offering of 13,333,333 shares of its common stock at a price to the public of $17.00 per share. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,000,000 shares. The shares will be listed on the New York Stock Exchange beginning on October 2, 2013 and will trade under the symbol “BURL.” The offering is expected to close on October 7, 2013.

The Company expects to receive proceeds, net of underwriters’ discounts and commissions and estimated offering expenses payable by the Company, of approximately $205.0 million from the offering and intends to use the net proceeds, along with cash on hand, to primarily redeem outstanding indebtedness.

J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Goldman, Sachs & Co., and Wells Fargo Securities are acting as joint book-running managers for the offering. BMO Capital Markets, Cowen and Company, Guggenheim Securities, SunTrust Robinson Humphrey, Telsey Advisory Group and Ramirez & Co., Inc. are serving as co-managers for the offering. Copies of the prospectus relating to this offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866) 803-9204, Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department, by phone at (866) 718-1649 or by emailing prospectus@morganstanley.com or BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department or by emailing dg.prospectus_requests@baml.com.

The registration statement on Form S-1 relating to the securities has been declared effective by the Securities and Exchange Commission. This press release shall 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Burlington Stores, Inc.

The Company, through its wholly-owned subsidiaries, operates a national chain of off-price retail stores offering ladies’, men’s and children’s apparel and accessories, home goods, baby products and coats, principally under the name Burlington Coat Factory.

Safe Harbor for Forward-Looking and Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the initial public offering. These statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections regarding the Company’s business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission.

Burlington Stores, Inc.
Robert L. LaPenta, Jr.
Vice President –Treasurer
609-387-7800 ext. 1216