TravelCenters of America LLC Prices $100 Million of 8.25% Senior Notes Due 2028

  TravelCenters of America LLC Prices $100 Million of 8.25% Senior Notes Due
  2028

Business Wire

WESTLAKE, Ohio -- January 8, 2013

TravelCenters of America LLC  (NYSE MKT: TA) today announced that it has
priced an underwritten public offering of $100 million of 8.25% unsecured
senior notes due January 15, 2028. The notes include a provision that allows
for the company to call the notes at par plus accrued interest beginning on
January 15, 2016.

TA expects to use the net proceeds from this offering for general business
purposes, including acquisitions, funding capital improvements to its existing
travel centers and other expansion activities. The settlement of this offering
is expected to occur on January 15, 2013. TA granted the underwriters an
option to purchase up to $15.0 million of additional notes within 30 days
solely to cover overallotments, if any. TA intends to apply to list the notes
on the NYSE MKT, under the symbol “TA/28” and, if approved, expects trading to
begin within 30 days after the original issue date of the notes.

The joint book-running managers for this offering are Citigroup, RBC Capital
Markets and UBS Investment Bank. The lead manager is MLV & Co. The co-managers
for the offering are BB&T Capital Markets, Janney Montgomery Scott and
Oppenheimer & Co.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which the offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of that state
or jurisdiction. Copies of the preliminary prospectus supplement and the
accompanying prospectus may be obtained by calling Citigroup at (800)
831-9146, RBC Capital Markets at (866) 375-6829 or UBS Investment Bank at
(877) 827-6444, extension 561-3884.

                 WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES
LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON TA’S PRESENT
EXPECTATIONS, BUT THESE STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS
MAY NOT OCCUR. FOR EXAMPLE,

  *THIS PRESS RELEASE STATES THAT THE SETTLEMENT OF THE SALE OF SENIOR NOTES
    IS EXPECTED TO OCCUR ON JANUARY 15, 2013. THE SETTLEMENT OF THIS OFFERING
    IS SUBJECT TO VARIOUS CONDITIONS AND CONTINGENCIES THAT ARE CUSTOMARY IN
    UNDERWRITING AGREEMENTS IN THE UNITED STATES. IF THESE CONDITIONS ARE NOT
    SATISFIED OR THE SPECIFIED CONTINGENCIES DO NOT OCCUR, THIS OFFERING MAY
    NOT CLOSE.
  *THIS PRESS RELEASE STATES THAT TA EXPECTS TO USE THE PROCEEDS FOR GENERAL
    BUSINESS PURPOSES, INCUDING TO FUND ITS ACQUISITION AND EXPANSION
    ACTIVITES. HOWEVER, IF THIS OFFERING IS WITHDRAWN TA’S EXPANSION
    ACTIVITIES MAY BE LIMITED.
  *THIS PRESS RELEASE STATES THAT THE UNDERWRITERS HAVE BEEN GRANTED AN
    OPTION TO PURCHASE UP TO $15.0 MILLION OF ADDITIONAL NOTES, SOLELY TO
    COVER OVERALLOTMENTS, IF ANY. AN IMPLICATION OF THIS STATEMENT MAY BE THAT
    THIS OPTION MAY BE EXERCISED IN WHOLE OR IN PART. IN FACT, TA DOES NOT
    KNOW WHETHER OR NOT THE UNDERWRITERS WILL EXERCISE THIS OPTION, OR ANY
    PART OF IT.

FOR THESE REASONS, AMONG OTHERS, INVESTORS SHOULD NOT PLACE UNDUE RELIANCE
UPON FORWARD LOOKING STATEMENTS.

Contact:

TravelCenters of America LLC
Timothy A. Bonang, 617-796-8251
Vice President, Investor Relations
or
Carlynn Finn, 617-796-8251
Senior Manager, Investor Relations
 
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