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Atlas Air Worldwide Holdings, Inc. Announces Pricing of Common Stock Offering

Dépèche transmise le 29 octobre 2009 par Business Wire

PURCHASE, N.Y.--(BUSINESS WIRE)--Atlas Air Worldwide Holdings, Inc. (AAWW or the Company) (Nasdaq: AAWW), a leading provider of global air cargo assets and outsourced aircraft operating services, today announced that it has priced its offering of 4,000,000 shares of its common stock. The public offering price will be $25.75 per share. The underwriters will also have a 30-day option to purchase 600,000 additional shares of common stock from the Company at the public offering price, less the underwriting discount. Upon the closing of the offering, which is expected to occur on November 3, 2009, and which is subject to satisfaction of various customary closing conditions, AAWW will receive net proceeds of approximately $98.1 million, assuming no exercise of the underwriters’ option to purchase additional shares. The Company expects to use the proceeds for general corporate purposes, including the financing of capital expenditures or funding of potential acquisitions or other business transactions.

Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. are serving as the joint book-running managers for the offering and BB&T Capital Markets, Stephens Inc. and CJS Securities, Inc. are serving as co-managers.

The offering is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by the Company with the Securities and Exchange Commission and previously declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, 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 the registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained, when available, from Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, or by e-mail at [email protected]; or Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department, Toll Free 1-866-471-2526, or by e-mail at [email protected].

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing Limited (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Through Atlas and Polar, AAWW operates the world’s largest fleet of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of air cargo and outsourced aircraft operating services that include ACMI aircraft leasing – in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis – express network and scheduled air cargo service, military charters, commercial charters, and dry leasing of aircraft and engines.