The Company expects the net proceeds of the Class A Common Stock offering to be $200.9 million (or $233.4 million if the underwriters exercise their option to purchase additional shares in full), after deducting underwriting discounts and commissions and estimated offering expenses. The Company expects the net proceeds of the tangible equity units offering to be $192.5 million (or $221.6 million if the underwriters exercise their option to purchase additional tangible equity units in full), after deducting underwriting discounts and commissions and estimated offering expenses.The Company intends to use the net proceeds of the offerings to partially fund the acquisition of RailAmerica, Inc. (“RailAmerica”). If the acquisition of RailAmerica is not consummated, the Company intends to use the net proceeds from these offerings for general corporate purposes, including strategic investments and acquisitions. If the tangible equity units offering is completed but the acquisition of RailAmerica is not consummated, the Company may redeem all, but not less than all, of the outstanding purchase contracts by issuing a redemption notice during the five business day period following April 30, 2013. The Company will pay a redemption price at that time in cash or in shares of Class A Common Stock in accordance with the terms of the purchase contracts. If the Company elects to redeem the purchase contracts, it may be required by the holders thereof to repurchase the amortizing notes at the repurchase price set forth in the amortizing notes.
Genesee & Wyoming Announces Pricing Of Public Offerings Of Class A Common Stock And Tangible Equity Units
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