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Ski Area Management History
Peak Resorts
Title:Peak Resorts Announces Pricing of Initial Public Offering
Released By:Peak Resorts
Date:November 20, 2014
Wildwood, Missouri, November 20, 2014 – Peak Resorts, Inc. (NASDAQ:SKIS) today announced the pricing of its initial public offering of 10,000,000 shares of its common stock at a price to the public of $9.00 per share. The shares will begin trading on the NASDAQ Global Market on November 21, 2014, under the ticker symbol “SKIS.”

All of the 10,000,000 shares in the offering are offered by Peak Resorts. The underwriters also have been granted a 45-day over-allotment option to purchase up to an additional 1,500,000 shares from the company on the same terms and conditions.

The shares are expected to be delivered on or about November 26, 2014, subject to customary closing conditions. Net proceeds of the offering are expected to be approximately $82 million. The company intends to use the funds primarily to reduce outstanding debt with the remainder available for working capital and general corporate purposes, including future acquisitions.

FBR and Stifel are serving as active joint book-runners for the offering. Baird is also serving as a book-runner for the offering. Janney Montgomery Scott and Oppenheimer are acting as co-managers for the offering.

The registration statement for the company relating to these securities was declared effective by the Securities and Exchange Commission on November 20, 2014. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, and there shall not 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.

Any offer or sale will be made only by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus relating to these securities may be obtained, when available, from FBR Capital Markets & Co., Attention: Prospectus Department, 1300 17th Street North, Suite 1400, Arlington, VA 22209, via telephone at (800) 846-5050 or email at prospectuses@fbr.com; and Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, via telephone at (855) 300-7136 or email at SyndProspectus@stifel.com.

About Peak Resorts: Headquartered in Missouri, Peak Resorts is a leading owner and operator of high-quality, individually branded ski resorts in the U.S. The company currently operates 13 ski resorts primarily located in the Northeast and Midwest, 12 of which are company owned. The majority of the resorts are located within 100 miles of major metropolitan markets, including New York City, Boston, Philadelphia, Cleveland and St. Louis, enabling day and overnight drive accessibility. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities.

Forward Looking Statements: This press release contains forward-looking statements regarding the future outlook and performance of Peak Resorts, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include, but are not limited to, risk factors that could affect the company’s ability to consummate the offering and other risks and uncertainties that are contained in its filings with the Securities and Exchange Commission. Peak Resorts undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

For Further Information:
Heather Wietzel
616-233-0500
InvestorRelations@PeakResorts.com

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