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NEW YORK, Jan. 07, 2016 (GLOBE NEWSWIRE) -- OTG (“OTG” or the “Company”) today announced the filing of a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of Class A common stock of OTG EXP, Inc. Upon consummation of the proposed offering, OTG EXP, Inc. will become the parent corporation of the Company. The number of shares to be sold and the price range for the proposed offering have not yet been determined. OTG EXP, Inc. has applied to list its common stock on The NASDAQ Global Select Market under the ticker symbol “OTG.”
Morgan Stanley and Credit Suisse are acting as lead joint book-running managers for the proposed offering. Barclays is also acting as active book-running manager, and BMO Capital Markets and KeyBanc Capital Markets are acting as book-running managers for the proposed offering. Regions Securities LLC, Fifth Third Securities and Maxim Group LLC are acting as co-managers in the proposed offering.
The offering will be made only by means of a prospectus, copies of which may be obtained when available from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, New York 10010, Attention: Prospectus Department.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About OTG
OTG is a high-growth company that is transforming the airport travel experience for millions of travelers every year. OTG combines world-class hospitality and award-winning cuisine with innovative design and state-of-the-art technology. OTG’s restaurant concepts are complemented by the Company’s tablet experience, which was the first of its kind in its industry. Since 1996, OTG has been redefining the guest experience in airports, transforming the way passengers interact with the terminal. The Company is currently one of the leading airport food and beverage operators in North America with more than 200 restaurant and retail locations across 10 airports.
Media Contact Sean Aziz, OTG (646) 588-9931 [email protected] Mary McCeney, ICR (646) 277-1219 [email protected]
