Swift Corporation, a leading multi-faceted transportation services
company and the largest truckload carrier in North America, announced
today that its wholly-owned subsidiary, Swift Holdings Corp., has filed
a registration statement on Form S-1 with the Securities and Exchange
Commission relating to a proposed initial public offering of it’s common
stock. Immediately prior to the consummation of this offering, Swift
Corporation will merge with and into Swift Holdings Corp., with Swift
Holdings Corp. surviving. The number of shares to be offered and the
price range for the offering have not yet been determined. Swift expects
to use the net proceeds of the offering to repay a portion of its
existing senior secured credit facility and for general corporate
purposes.
Morgan Stanley, BofA Merrill Lynch, and Wells Fargo Securities are the
representatives of the underwriters of the offering and joint
book-running managers. The offering will be made only by means of a
prospectus. Once available, a preliminary prospectus relating to the
offering may be obtained from:
Morgan Stanley & Co. Incorporated
Attn: Prospectus Department
180
Varick Street, 2nd Floor
New York, NY 10014
Telephone:
866-718-1649
E-mail: prospectus@morganstanley.com
BofA Merrill Lynch
Attn: Prospectus Department
4 World
Financial Center
New York, NY 10080
E-mail: dg.prospectus_requests@baml.com
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park
Avenue
New York, New York 10152
Telephone: 800-326-5897
E-mail: equity.syndicate@wellsfargo.com
The preliminary prospectus may also be accessed directly from the
Securities and Exchange Commission at www.sec.gov.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation, or sale would be unlawful prior to registration or
qualification of such securities under the securities laws of any such
state or jurisdiction.
About Swift
Swift is based in Phoenix, Arizona. At March 31, 2010, Swift operated
approximately 12,500 companyowned tractors, 3,700 owner-operator
tractors, 49,400 trailers, and 4,300 intermodal containers from 35 major
terminals strategically positioned throughout the United States and
Mexico. Swift offers customers "one-stop shopping" for a broad spectrum
of their truckload transportation needs. Swift’s extensive suite of
services includes general, dedicated, and cross-border U.S./Mexico
truckload services through dry van, temperature-controlled, flatbed, and
specialized trailers, in addition to rail intermodal and non-asset based
freight brokerage and logistics management services, making it an
attractive choice for a broad array of customers.
