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TravelCenters of America LLC prices public offering of 6,500,000 common shares


Tuesday, 10 Dec 2013 05:46pm EST 

TravelCenters of America LLC:Says that it priced an offering of 6,500,000 common shares at a price to the public of $9.25 per share.Says the settlement of this offering is expected to occur onDec. 16.Says it 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 the underwriters have been granted a 30 day option to purchase up to an additional 975,000 common shares.Says the joint book-running managers for the offering are Citigroup, RBC Capital Markets and UBS Investment Bank.Says the co-managers for the offering are BB&T Capital Markets, Craig-Hallum Capital Group, Janney Montgomery Scott, MLV & Co. and Oppenheimer & Co. 

Company Quote

9.14
0.01 +0.11%
24 Oct 2014