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| GWR > SEC Filings for GWR > Form 8-K on 22-Jun-2009 | All Recent SEC Filings |
22-Jun-2009
Other Events, Financial Statements and Exhibits
Equity Offering
Closing
On June 16, 2009, Genesee & Wyoming Inc. ("GWI") announced that it had priced its previously announced underwritten registered public offering (the "Offering") of 4,000,000 shares (the "Underwritten Shares") of its Class A Common Stock at $24.50 per share. In addition, GWI also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares (the "Over-allotment Shares") of its Class A Common Stock to cover over-allotments, which option was exercised in full on June 18, 2009.
On June 22, 2009, GWI consummated the sale of the Underwritten Shares and the Over-allotment Shares and received net proceeds of approximately $106,600,000 after deducting underwriting discounts and commissions and the estimated offering expenses payable by GWI. GWI intends to use the net proceeds of the offering to repay all or substantially all of the amounts outstanding under its revolving credit facility and for general corporate purposes, including strategic investments and acquisitions.
Underwriting Agreement
In connection with the Offering, GWI entered into an Underwriting Agreement dated June 16, 2009 with Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc., as representatives of the underwriters set forth on Schedule I thereto (the "Underwriting Agreement").
The above description of the Underwriting Agreement does not purport to be a complete statement of the parties' rights and obligations under that agreement. The above description is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
(d) Exhibits
Exhibit No. Description
99.1 Underwriting Agreement dated June 16, 2009 by and among GWI, and
Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Deutsche
Bank Securities Inc., as representatives of the underwriters set forth
on Schedule I thereto.
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Forward-Looking Statements
Certain statements in this report that discuss GWI's expectations are forward-looking statements within the meaning of the federal securities laws and are based upon GWI's current belief as to the outcome of future events. Forward-looking statements include statements regarding future events and the future performance of GWI that involve risks and uncertainties that could cause actual results to differ materially from its current expectations including, but not limited to, economic, political and industry conditions; customer demand, retention and contract
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