SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 3, 2000
GENESEE & WYOMING INC.
(Exact Name of registrant specified in its charter)
Delaware 0-20847 06-0984624
(State or other (Commission File (I.R.S. Employer
Jurisdiction of Number) Identification No.)
Incorporation)
66 Field Point Road
Greenwich, Connecticut 06830
(Address of principal executive offices)
Registrant's telephone number: (203) 629-3722
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ITEM 5. OTHER EVENTS
On November 3, 2000, Genesee & Wyoming Inc. ("GWI") acquired an indirect
21.87% equity interest in Empresa Ferroviaria Oriental, S.A ("Oriental")
increasing its stake in Oriental to 22.55%. Oriental is a railroad serving
eastern Bolivia and connecting to railroads in Argentina and Brazil. The
Company previously acquired a 0.68% indirect interest in Oriental on
September 30, 1999 through its 47.5% ownership interest in Latin American
Rail LLC.
GWI's portion of the Oriental investment is composed of $6.66 million in
cash, the assumption of non-recourse debt of $10.8 million at an interest
rate of 7.67%, and a non-interest bearing contingent payment of $450,000 due
in 3 years if certain financial results are achieved. The cash used by GWI
to fund such investment was obtained from GWI's existing revolving credit
facility and available working capital under the Third Amended and Restated
Revolving Credit and Term Loan Agreement of GWI dated as of August 17, 1999,
among GWI, Australia Southern Railroad Pty. Limited, Quebec Gatineau Railway
Inc., Compania de Ferrocarriles Chiapas-Mayab, S.A. de C.V., the Guarantors,
the Lending Institutions listed on Schedule II thereto, Fleet National Bank
(formerly known as Bank Boston, N.A.) and Bank One (formerly known as The
First National Bank of Chicago), as amended, and from GWI's working capital.
ITEM 7. EXHIBITS
Exhibit 99.1 Press release dated November 6, 2000 announcing that
Genesee & Wyoming Inc. has completed its previously
announced investment in Empresa Ferroviaria
Oriental, S.A., a railroad serving eastern Bolivia
and connecting to railroads in Argentina and Brazil.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENESEE & WYOMING INC.
(Registrant)
By: /s/ Mortimer B. Fuller, III
Name: Mortimer B. Fuller, III
Title: Chairman and Chief Executive Officer
November 21, 2000
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INDEX TO EXHIBITS
Exhibit
Number Exhibit Title
99.1 Press release dated November 6, 2000 announcing that Genesee &
Wyoming Inc. has completed its previously announced investment
in Empresa Ferroviaria Oriental, S.A., a railroad serving
eastern Bolivia and connecting to railroads in Argentina and
Brazil.
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