Posted on: 08 November 2010 by Ross McSweeny
Republic Airways Holdings intends to offer 12 million shares of its common stock in an underwritten public offering.
In addition, the company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of shares sold. Goldman, Sachs & Co. and Deutsche Bank Securities Inc. are serving as joint bookrunners for the offering.
The company says it intends to use the net proceeds from the offering for general corporate purposes, including the financing of a portion of its new Embraer 190 order, and to bolster its liquidity position.