Certain entities affiliated with Carlyle (collectively, the “Carlyle Purchasers”) completed the previously announced purchase of $350 million of Mandatorily Convertible Preferred Stock, Series A-1, par value $0.01 per share (the “Series A-1 Preferred Stock”) from GWI on October 1, 2012, which investment partially financed a portion of GWI’s purchase of RailAmerica, Inc. Pursuant to the Certificate of Designations of the Series A-1 Preferred Stock relating to such investment, the Carlyle Purchasers have the right to designate one member of GWI’s Board of Directors. The Carlyle Purchasers designated Mr. Ledford to the Board of Directors. In addition, Cedric Bobo, a Principal with Carlyle focused on U.S. buyout opportunities in the industrial and transportation sectors, will become a non-voting board observer to the Board of Directors at Carlyle’s request pursuant to the Certificate of Designations.About GWI
Richard H. Bott And Gregory S. Ledford Appointed To Genesee & Wyoming Board Of Directors
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