Travelcenters Of America Announces Proposed Public Offering Of 10,000,000 Common Shares

TravelCenters of America LLC TA today announced that it has commenced a public offering of 10,000,000 common shares. TA expects to use the proceeds of this offering for general business purposes, including funding capital improvements to TA's existing travel centers, acquisitions of additional travel centers and other expansion activities. It is contemplated that the underwriters will also be granted a 30 day option to purchase up to an additional 1,500,000 common shares to cover overallotments, if any. The joint bookrunning managers for this offering are Citi, Morgan Keegan & Company, Inc. and UBS Investment Bank.