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TravelCenters of America LLC announces public offering of 5,000,000 common shares

Monday, 9 Dec 2013 04:05pm EST 

TravelCenters of America LLC:Says that it has commenced a public offering of 5,000,000 common shares.Expects to use the proceeds from the offering to fund its business and growth strategies and for general business purposes.Says some of the net proceeds may be used to fund a portion of the purchase price of its pending convenience store acquisition and other expansion activities.Says It is contemplated that the underwriters will also be granted a 30 day option to purchase up to an additional 750,000 common shares.Says joint book-running managers for the offering are Citigroup, RBC Capital Markets and UBS Investment Bank.Says co-managers for the offering are BB&T Securities, Craig-Hallum Capital Group, Janney Montgomery Scott and Oppenheimer & Co. 

Company Quote

-0.15 -1.64%
4:02pm EDT