Smith, Gambrell & Russell, LLP represented AirTran Holdings, Inc. in connection with concurrent public offerings of its debt and equity securities. AirTran Holdings, Inc., a Fortune 1000 company, is the NYSE listed parent of AirTran Airways, one of the largest low cost scheduled airlines in the United States.
The transactions had an aggregate value of $153,710,000 and involved the sale of 24,659,375 shares of AirTran common stock and $74,800,000 of AirTran’s 5½% Convertible Senior Notes due 2015.
The transactions required preparation of equity and debt prospectus supplements, equity and debt underwriting agreements, an updated base indenture, a supplement senior debt indenture, a pledge and escrow agreement, a supplemental listing agreement and other customary closing documents. The transactions were effected pursuant to a takedown from a previous shelf registration also handled by SGR.
The SGR team for this transaction included Howard Turner, Tim Elder, and Jeff Hatchew.
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