Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sun, August 14, 8:18 PM

Slide #438. Genesee & Wyoming Inc. Preferred Stock Offering

Company: Genesee & Wyoming Inc. (GWR)
Date announced: 11/13/2013
Shares Offered: 5,984,232
Preferred Stock Offering Details: Genesee & Wyoming Inc. announced the sale of an aggregate of 5,984,232 shares of Class A Common Stock of G&W owned by investment funds associated with The Carlyle Group ("Carlyle"). The announced sale represents the entire interest of Carlyle and its associated investment funds in G&W. G&W will not receive any proceeds from the offering. G&W entered into an Investment Agreement with Carlyle in July 2012 to partially fund G&W's acquisition of RailAmerica, Inc. Pursuant to the Investment Agreement, on October 1, 2012, G&W sold $350 million of 5% Series A-1 Preferred Stock to Carlyle, with a conversion price of $58.49. On February 13, 2013, G&W converted all of Carlyle's Series A-1 Preferred Stock into 5,984,232 shares of G&W's Class A Common Stock. The last reported sale price of G&W's Class A Common Stock on the NYSE as of November 13, 2013 was $98.87.

Genesee & Wyoming owns or leases freight railroads worldwide. Co. has three segments: North American Operations, which includes several regions that serve U.S. states and Canadian provinces and includes short line and regional freight railroads; Australian Operations, which serves New South Wales, the Northern Territory and South Australia and operates the Tarcoola-to-Darwin rail line; and U.K./European Operations, which is led by Freightliner Group Limited, a rail maritime intermodal operator and rail freight provider, as well as regional rail services in Continental Europe.
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Preferred Stock Offerings - Slide 438 of 582 |

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