Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint book-running managers in connection with the offering of 4,025,000 shares of Class A common stock of Genesee & Wyoming Inc. (including 525,000 shares from the full exercise of the underwriters’ over-allotment option), of which 233,996 shares were offered by a selling stockholder who is the Chairman of the company’s board of directors, and the offering of 2,300,000 5% tangible equity units of Genesee & Wyoming Inc. (including 300,000 tangible equity units from the full exercise of the underwriters’ over-allotment option). The net proceeds from the Class A common stock offering were approximately $233.4 million and the net proceeds from the tangible equity units offering were approximately $221.6 million, resulting in total net proceeds of approximately $455 million. Genesee & Wyoming Inc. intends to use the net proceeds from the concurrent offerings to partially fund its pending acquisition of RailAmerica Inc.
Tags: Davis Polk & Wardwell LLP | New York
