genesee & wyoming inc-cl a (GWR) Key Developments
Genesee & Wyoming Inc. Reports Consolidated Traffic Volumes for the Month and First Quarter of March 2015
Apr 15 15
Genesee & Wyoming Inc. reported consolidated traffic volumes for the month and first quarter of March 2015. For the month, the company reported total carloads of 164,261 against 167,993 a year ago.
For the first quarter of March 2015, the company reported total carloads of 476,737 against 467,379 a year ago.
Genesee & Wyoming Inc. Appoints Hunter C. Smith to Board of Directors
Mar 30 15
Genesee & Wyoming Inc. announced the appointment of Hunter C. Smith to its Board of Directors, effective March 27, 2015. Mr. Smith currently serves as vice president of finance for Celgene Corporation’s Inflammation and Immunology business unit. Prior to that, he held various roles during a 14-year tenure at Bunge Limited. Previously, he served as a director at UBS AG and started his career at Manufacturers Hanover Trust Company.
Genesee & Wyoming Inc. Enters into $2.8 Billion Credit Facility
Mar 25 15
Genesee & Wyoming Inc. announced that it has completed the acquisition of approximately 94% of Freightliner Group Limited (Freightliner) for approximately £492 million plus the assumption of approximately £19 million of net debt and capitalized leases. In connection with the Freightliner acquisition, G&W also entered into a new five-year senior secured credit facility comprised of a $2.175 billion term loan and a $625 million revolving credit facility. G&W expects to have approximately $475 million of revolver capacity after the Freightliner closing.
Genesee & Wyoming Inc. Reports Consolidated Traffic Volumes for the Month and Year to Date Ended February 2015
Mar 9 15
Genesee & Wyoming Inc. reported consolidated traffic volumes for the month and year to date ended February 2015. For the month, the company reported total carloads of 145,127 against 142,802 a year ago.
For year to date, the company reported total carloads of 312,476 against 299,386 a year ago.
Genesee & Wyoming Inc. Plans to Amend to its Existing Credit Facility, with Approximately $650 Million from the Issuance of New Term Loans
Feb 27 15
Arcapita Group Holdings Limited has agreed to sell its stake in Freightliner Group Limited to Genesee & Wyoming Inc. (GWI). The transaction includes cash consideration of approximately GBP 490 million and to assume approximately GBP 8.5 million in net debt and capitalized leases. As part of the transaction, GWI plans to finance the acquisition through an amendment to its existing credit facility, with approximately $650 million from the issuance of new term loans and the remainder from funds drawn on its existing revolver.