Simpson Thacher Represents Genesee & Wyoming in $112.7 Million Offering of Common Stock
06.23.09
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Simpson Thacher represented Genesee & Wyoming Inc. in a registered public offering of 4,600,0000 shares of its Class A Common Stock, including the underwriters’ full exercise of their over-allotment option. Genesee & Wyoming intends to use the net proceeds of approximately $107 million to repay debt under its revolving credit facility and for general corporate purposes.
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. The Class A Common Stock is listed on the New York Stock Exchange under the symbol "GWR".
The Simpson Thacher team for the transaction included: A.J. Kess, Risë Norman, Michael B. Garcia, Emily Epstein, Justin Cooke and Will Golden (Capital Markets), Adeeb Fadil and Noreen Lavan (Environmental), Rian Balfour (Tax) and Jamin Koslowe (Executive Compensation and Employee Benefits). Summer Associate Allison Wilson and Paralegal Mike Davies provided invaluable assistance.