Genesee & Wyoming completes RailAmerica buy

Rail

Wednesday, October 03, 2012

Genesee & Wyoming Inc. said it had completed the acquisition of RailAmerica this week and entered into a new five-year senior secured credit facility comprised of a $1.875 billion term loan and $425 million revolving credit facility. After the acquisition was closed on Monday, G&W said control of RailAmerica was placed into a voting trust that will remain in effect until the U.S. Surface Transportation Board issues its decision on G&W's application to control RailAmeri...

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