This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Genesee & Wyoming Announces Pricing Of Public Offerings Of Class A Common Stock And Tangible Equity Units

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.

The Company's Class A Common Stock is listed on the New York Stock Exchange under the symbol GWR and the Company will apply to list the tangible equity units on the New York Stock Exchange, subject to satisfaction of its minimum listing standards.

BofA Merrill Lynch, Citigroup and J.P. Morgan are serving as the joint book-running managers for the Class A Common Stock offering and BB&T Capital Markets, RBC Capital Markets, Wells Fargo Securities, Santander, Raymond James, Stifel Nicolaus Weisel, Dahlman Rose & Company, LLC, Stephens Inc. and Wolfe Trahan Securities are serving as co-managers. BofA Merrill Lynch, Citigroup and J.P. Morgan are serving as the joint book-running managers for the tangible equity units offering and BB&T Capital Markets, RBC Capital Markets, Wells Fargo Securities, Santander, Raymond James, Stifel Nicolaus Weisel, Dahlman Rose & Company, LLC, Stephens Inc. and Wolfe Trahan Securities are serving as co-managers.

Stock quotes in this article: GWR 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs