Hub Group files registration statement with SEC for public offering
Hub Group Inc., a non-asset based freight transportation management company based in Downers Grove, Ill., has filed a registration statement on Form S-3 with the U.S. Securities and Exchange Commission relating to a proposed public offering of 1.8 million shares of Hub's Class A common stock.
In addition, three stockholders are offering 100,000 shares of Class A common stock, and will grant underwriters a 30-day option to purchase up to an additional 285,000 shares to cover any over-allotments, Hub Group said in a statement.
The offering is being made through an underwriting syndicate that includes Bears, Stearns & Co. Inc. and BB&T Capital Markets.
Hub Group said it planned to use its proceeds from the offering to prepay its outstanding 9.14 percent notes.
Hub Group files registration statement with SEC for public offering