Baird served as co-manager of this offering
AboutTAL International Group, Inc. (NYSE: TAL) (“TAL” or the “Company”) recently completed a follow-on offering of 5,500,000 shares of its common stock at a price of $36.00 per share. Approximately 45% of the shares offered were sold by the Company. Gross proceeds from the offering totaled $198.0 million. The Company intends to use the net proceeds from this offering for general corporate purposes, including purchasing containers and making other capital expenditures and for general working capital purposes.
TAL is one of the world's leading owners and lessors of intermodal containers and chassis. The Company’s operations include the acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers. According to Dynamar B.V., TAL is the world's fourth largest lessor of intermodal containers as measured by fleet size, with approximately 11% market share. Services are provided through 18 offices in 11 countries and 216 third party container depot facilities in 39 countries. TAL’s customers are among the world's largest shipping lines and include, among others, APL-NOL, CMA CGM S.A., Maersk Line, Mediterranean Shipping Company S.A., Nippon Yusen Kaisha and Orient Overseas Container Line.
For additional information about this transaction, please contact:
- April 2011
- TAL International Group, Inc.
- Technology & Services
- Target Location
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