Genesee & Wyoming Inc.’s Offering of Class A Common Stock
Davis Polk advised the joint book-running managers in connection with the offering of 4,000,000 shares of Class A common stock of Genesee & Wyoming Inc. The net proceeds from the Class A common stock offering were approximately $286.5 million. Genesee & Wyoming Inc. intends to use the net proceeds from the offering to fund its pending acquisition of Pentalver Transport Limited and repay outstanding indebtedness.
Genesee & Wyoming Inc. owns and operates short line and regional freight railroads and provides railcar switching services in North America, Australia and Europe.
The Davis Polk capital markets team included partner Michael Kaplan and associates Yasin Keshvargar and Jennifer (Yujia) Jiang. The tax team included partner Po Sit and associate Anne L. Doherty. Counsel Betty Moy Huber and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.