Old Dominion Freight Line Inc., Thomasville, N.C., has announced its plans for a public offering of 3,045,000 shares of its common stock,
with 1,949,124 newly issued shares to be offered by Old Dominion and 1,095,876 shares to be offered by a selling shareholder.
In addition, Old Dominion has granted the underwriters an option to purchase up to an additional 455,000 shares of its common stock to cover over-allotments, if any. The proceeds to be received by Old Dominion represent new financing in part and refinancing in part.
The offering will be made under an effective registration statement. Credit Suisse First Boston is serving as lead manager, and BB&T Capital Markets and Legg Mason Wood Walker Inc. are serving as co-managers.
When available, copies of the preliminary prospectus relating to the offering can be obtained from the offices of Credit Suisse First Boston, 11 Madison Avenue, New York, New York 10010-3629. Or call (212) 325-2580.
Old Dominion Freight Line Inc. is a leading less-than-truckload multi-regional motor carrier.