Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today that it has
commenced an underwritten registered public offering of 4,000,000 shares
of its Class A Common Stock. In connection with the offering, GWI also
expects to grant the underwriters a 30-day option to purchase up to an
additional 600,000 shares of its Class A Common Stock to cover
over-allotments, if any.
The offering will be made under an effective shelf registration
statement. Citi, J.P.Morgan and Deutsche Bank Securities are joint
book-running managers.
A preliminary prospectus supplement relating to the offering will be
filed with the Securities and Exchange Commission. When available,
copies of the preliminary prospectus supplement relating to the offering
may be obtained from the offices of Citi, Brooklyn Army Terminal, 140
58th Street, 18th Floor, Brooklyn, New York 11220, (Telephone Number:
1-800-831-9146), J.P.Morgan at Prospectus Library, 4 Chase Metrotech
Center, CS Level, Brooklyn, NY 11245 (Telephone Number: 1-718-242-8002)
or Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza
One, Jersey City, New Jersey 07311 (Telephone Number: 1-800-503-4611).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor shall there be any
sale of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of such state. The offering of these securities will
be made only by means of the prospectus supplement and accompanying
prospectus.
About Genesee & Wyoming Inc.
GWI owns and operates short line and regional freight railroads in the
United States, Canada, Australia and the Netherlands and owns a minority
interest in a railroad in Bolivia. Operations currently include 63
railroads organized in nine regions, with more than 6,800 miles of owned
and leased track and approximately 3,100 additional miles under track
access arrangements. GWI provides rail service at 16 ports in North
America and Europe and performs contract coal loading and railcar
switching for industrial customers.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Genesee &
Wyoming's business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. 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 continuation;
legislative and regulatory developments; increased competition in
relevant markets; funding needs and financing sources; susceptibility to
various legal claims and lawsuits; strikes or work stoppages; severe
weather conditions and other natural occurrences; and others. Words such
as "anticipates," "intends," "plans," "believes," "seeks," "expects,"
"estimates," variations of these words and similar expressions are
intended to identify these forward-looking statements. For a discussion
of such risks and uncertainties, which could cause actual results to
differ from those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report or Form 10-K for the most
recently ended fiscal year. GWI cautions investors and potential
investors not to place undue reliance on such statements and disclaims
any intention to update the current expectations or forward-looking
statements contained in this filing.
Genesee & Wyoming, Inc.
Timothy J. Gallagher, +1-203-629-3722
Chief Financial Officer
tjgallagher@gwrr.com
Web Site: http://www.gwrr.com
(GWR)