October 7, 2005
ACL prices its IPO
American Commercial Lines Inc. yesterday announced the pricing of its initial public offering of its shares of common stock at a price of $21.00 per share. Of the shares sold in the offering, 7,500,000 shares were offered by ACL and 750,000 shares were offered by a selling stockholder. In addition, the underwriters have been granted an option to purchase up to an additional 1,237,500 shares from the selling stockholder within the next 30 days at the public offering price. ACL will not receive any proceeds from the sale of shares by the selling stockholder. ACL shares are expected to begin trading on the NASDAQ National Market today under the trading symbol "ACLI"
Merrill Lynch & Co. and UBS Investment Bank acted as joint bookrunners for the offering. Credit Suisse First Boston and Deutsche Bank Securities acted as co-managers.