The Firm represented Genesee & Wyoming Inc. (“G&W”) (NYSE: GWR) in connection with a registered offering of 4,000,000 shares of G&W’s Class A Common Stock at $75 per share, which resulted in aggregate gross proceeds of $300 million. G&W intends to use the net proceeds from the offering, and any proceeds it may receive from the exercise of a 30-day option granted to the underwriters to purchase up to an additional 600,000 shares, to fund its recently announced acquisition of Pentalver Transport Limited, a U.K.-based maritime container terminal and transportation business, and to repay outstanding indebtedness under its credit agreement.
G&W owns or leases 122 freight railroads worldwide that are organized in 10 operating regions with approximately 7,300 employees and more than 2,800 customers. G&W subsidiaries provide rail service at more than 40 major ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.
The Simpson Thacher team included Marisa Stavenas, Patrick Baron, Nakita Cuttino and Niyati Roy (Capital Markets); A.J. Kess (PCAP); Adeeb Fadil and Noreen Lavan (Environmental); William Smolinski (Tax); David Rubinsky and Alina Grinman (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA).