SPARTANBURG, S.C., (GLOBE NEWSWIRE) -- Denny’s Corporation (NASDAQ: DENN), franchisor and operator of one of America’s largest franchised full-service restaurant chains, today announced that it has commenced an underwritten public offering of 8,000,000 shares of its common stock, $0.01 par value (“Common Stock”). In addition, Denny’s expects to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of Common Stock. Denny’s intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional shares of Common Stock, for general corporate purposes.

Wells Fargo Securities, LLC, Citizens Capital Markets and Regions Securities LLC will act as joint book-running managers in connection with the offering and Wells Fargo Securities, LLC will act as representative of the underwriters in connection with the offering. The shares of Common Stock are being offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the U.S. Securities and Exchange Commission (the “SEC”). The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, which may be obtained free of charge on the SEC’s website at www.sec.gov or by sending a request to Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York, 10001, at (800) 326-5897 or by emailing a request to cmclientsupport@wellsfargo.com.

About Denny’s

Denny’s Corporation is the franchisor and operator of one of America’s largest franchised full-service restaurant chains, based on the number of restaurants. As of March 25, 2020, Denny’s had 1,695 franchised, licensed, and company restaurants around the world including 147 restaurants in Canada, Puerto Rico, Mexico, the Philippines, New Zealand, Honduras, the United Arab Emirates, Costa Rica, Guam, Guatemala, the United Kingdom, El Salvador, Indonesia, and Aruba.