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Article: Hawaiian Airlines Offerings Fully Subscribed, Raise $39 Million In New Capital
- Article from:
- PR Newswire
- Article date:
- September 22, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONOLULU, Sept. 22 /PRNewswire/ -- Hawaiian Airlines, Inc. (AMEX and PSE: HA) today announced the successful completion of a shareholder rights offering and an investor offering. Both offerings were fully subscribed, collectively raising more than $39 million in new capital for the Honolulu-based airline.
In August, the company registered a total of 12.1 million new shares of common stock for sale in the rights and investor offerings. All 12.1 million shares were purchased at the subscription price of $3.25 per share, generating the offerings' maximum possible gross proceeds of $39.3 million.
Bruce R. Nobles, Hawaiian's president and chief executive ...