Universal Truckload Services, Inc. Announces Pricing of Public Offering of
WARREN, Mich., Aug. 16, 2013
WARREN, Mich., Aug. 16, 2013 /PRNewswire/ --Universal Truckload Services,
Inc. (NASDAQ: UACL) today announced the pricing of its previously announced
public offering of 1,000,000 shares of common stock at a public offering price
of $23.00 per share. In the offering, 975,000 shares were offered by a
selling stockholder and 25,000 shares were offered by the Company. In
connection with the offering, the selling stockholder has granted the
underwriters an option to purchase up to 150,000 additional shares. The
Company will use the net proceeds that it receives from the offering to pay
expenses associated with the offering. The offering is expected to close on
August 21, 2013. The Company will not receive any proceeds from the offering
of shares by the selling stockholders.
Stifel, Nicolaus & Company, Incorporated and Citigroup Global Markets Inc. are
serving as book-running managers for the offering.
A shelf registration statement relating to the offering of the common stock
has previously been filed with the U.S. Securities and Exchange Commission and
has become effective. The offering is being made only by means of a prospectus
supplement and accompanying prospectus, forming a part of the effective
registration statement. Before investing, you should read the prospectus
supplement and the accompanying prospectus for information about Universal
Truckload Services, Inc., the selling stockholders and this offering. A
prospectus supplement relating to the offering will be filed with the SEC and
will be available on the SEC's website athttp://www.sec.gov.
About Universal Truckload Services, Inc.:
Universal Truckload Services, Inc. is a leading asset-light provider of
customized transportation and logistics solutions throughout the United
States, Mexico and Canada. We provide our customers with supply chain
solutions that can be scaled to meet their changing demands and volumes. We
offer our customers a broad array of services across their entire supply
chain, including transportation, value-added, and intermodal services.
Cautionary Statement Regarding Forward-Looking Statements:
Some of the statements contained in this press release might be considered
forward-looking statements. These statements identify prospective
information. Forward-looking statements are based on information available at
the time and/or management's good faith belief with respect to future events,
and are subject to risks and uncertainties that could cause actual performance
or results to differ materially from those expressed in the statements. These
forward-looking statements are subject to a number of factors that may cause
actual results to differ materially from the expectations described.
Additional information about the factors that may adversely affect these
forward-looking statements is contained in the Company's reports and filings
with the Securities and Exchange Commission. The Company assumes no
obligation to update forward-looking statements to reflect actual results,
changes in assumptions or changes in other factors affecting forward-looking
information except to the extent required by applicable securities laws.
SOURCE Universal Truckload Services, Inc.
Contact: David A. Crittenden, Chief Financial Officer, DCrittenden@goutsi.com,
Press spacebar to pause and continue. Press esc to stop.