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EXHIBIT 99.1
AT THE COMPANY FOR IMMEDIATE RELEASE
Wayne A. August July 27, 2000
Assistant Vice President Investor Relations
(561) 994-6015
RAILAMERICA ANNOUNCES PRIVATE PLACEMENT OF SENIOR SUBORDINATED NOTES DUE 2010
BOCA RATON, FL - JULY 27, 2000 - RailAmerica, Inc. (Nasdaq: RAIL) today
announced that it is proposing to make a private placement of $120,000,000 of
senior subordinated notes due 2010 of its subsidiary, RailAmerica Transportation
Corp. The Company proposes to use the net proceeds of the offering to refinance
debt incurred in connection with its acquisition of RailTex, Inc. The offering
may also include warrants to purchase shares of the Company's common stock.
Offers will be made solely by means of a confidential offering memorandum to
either qualified institutional buyers under Rule 144A under the Securities Act
of 1933 ("the Act") or in offshore transactions pursuant to Regulation S under
the Act. None of the notes that the Company is proposing to sell in the private
placement have been registered under the Act and they may not be offered or sold
in the United States absent registration or an applicable exemption from such
registration.
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THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. SUCH FORWARD-LOOKING
STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS WHICH
MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE
MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS, INCLUDING, WITHOUT
LIMITATION, THE FAILURE TO MARKET AND SELL SUCCESSFULLY THE NOTES. FOR MORE
COMPLETE INFORMATION CONCERNING FACTORS THAT COULD AFFECT THE COMPANY'S RESULTS,
REFERENCE IS MADE TO THE COMPANY'S REPORTS AND OTHER DOCUMENTS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION.
