genesee & wyoming inc-cl a (GWR) Key Developments
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.
Genesee & Wyoming Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-03-2015 11:00 AM
Feb 25 15
Genesee & Wyoming Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-03-2015 11:00 AM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: Timothy J. Gallagher, Chief Financial Officer.
Genesee & Wyoming Seeks Acqusitions
Feb 25 15
Genesee & Wyoming Inc. (NYSE:GWR) is seeking acquisitions. Jack Hellmann, President and Chief Executive Officer, Genesee & Wyoming, said "In North America, we will continue to execute on our long-term plan of commercial growth across our coast-to-coast rail footprint, as well as acquisition growth from further consolidation of the short line industry." Genesee & Wyoming also has an outlook for potential bolt-on acquisitions now that have the foundation built in Europe.