INITIAL PUBLIC OFFERING OF 4,150,000 SHARES OF CLASS A COMMON STOCK OF ALOHA AIRGROUP INC.
HONOLULU, June 17 /PRNewswire/ -- Aloha Airgroup Inc. announced its filing with the Securities and Exchange Commission of a registration statement to sell 4,150,000 shares of class A common stock. The estimated price range per share for the initial public offering price is between $15.00 and $18.00. Goldman, Sachs & Co. and Prudential Securities Inc. are co-managers of the offering. Of the 4,150,000 shares of class A common stock being offered, 2,435,000 shares are being sold by the company, and 1,715,000 shares are being sold by certain selling stockholders of the company. The company and certain of the selling stockholders have granted the underwriters an option for 30 days to purchase up to an additional 622,500 shares (617,097 shares and 5,403 shares, respectively) to cover over- allotments. The net proceeds from the company's shares will be used for general corporate purposes, including the repayment of debt and certain planned capital expenditures. Aloha Airgroup Inc. through its principal subsidiary, Aloha Airlines Inc. is a leading provider of scheduled air transportation for passengers and freight throughout the major Hawaiian Islands. Copies of the prospectus relating to this offering may be obtained from Goldman, Sachs & Co., 85 Broad St., New York, NY 10004, or any local Prudential Securities office. 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 communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. -0- 6/17/93 /CONTACT: Stephanie Ackerman, director of corporate communications of Aloha Airgroup, 808-836-4113/
CO: Aloha Airgroup Inc. ST: Hawaii IN: AIR SU: OFR
JL-LS -- LA041 -- 3380 06/17/93 22:34 EDT
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|Date:||Jun 17, 1993|
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