HOUSTON, Feb. 24 /PRNewswire/ -- Eagle USA Airfreight, Inc. (Nasdaq: EUSA)
announced today the closing on February 18th of a public offering of 1,547,758
shares of its Common Stock by Daniel S. Swannie, a former executive officer
and director of the Company, and the closing February 21, 1997 of the sale of
an additional 232,164 shares of Common Stock pursuant to the underwriters'
over-allotment option, which was exercised in full. The public offering price
of the shares was $28.25 per share. The offering was managed by Donaldson,
Lufkin & Jenrette Securities Corporation, Alex, Brown & Sons Incorporated and
The Robinson-Humphrey Company, Inc.
The Company did not receive any proceeds from the sale of the shares by
Mr. Swannie. The net proceeds received by the Company from the proceeds of
shares sold pursuant to the underwriters' over-allotment option will be used
for general corporate purposes.
The Company is a leading provider of airfreight forwarding and other
transportation and logistics services.
Copies of the prospectus related to the offering may be obtained from Kim
Wilson of Donaldson, Lufkin & Jenrette Securities Corporation, 2200 Ross
Avenue, Suite 2900, Dallas, Texas 75201.
SOURCE Eagle USA Airfreight, Inc.
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CONTACT:
Douglas A. Seckel, Chief Financial Officer of
Eagle USA Airfreight, Inc., 281-442-1188
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