Continental Airlines, Inc. announced the pricing of a public offering of 11 million shares of its Class B Common Stock at a price to the public of $14.80 per share.
Houston – Continental has granted the underwriter a 30-day option to purchase an additional 1,650,000 shares of common stock to cover over-allotments, if any. Continental expects the issuance and delivery of the shares to occur on June 25, 2008.
UBS Investment Bank is acting as sole underwriter for the offering. When available, copies of the prospectus supplement and prospectus relating to the offering may be obtained from UBS Investment Bank, 299 Park Ave., New York, New York 10171 or by calling 888-827-7275. These documents will also be filed with the Securities and Exchange Commission and will be available at the SEC’s Web site at sec.gov.
The shares will be issued pursuant to a shelf registration statement that was previously filed. This press release shall not constitute an offer to sell or a solicitation of an offer to buy shares of Continental common stock. An offering of shares of Continental common stock will be made only by means of a prospectus. The prospectus 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Statements in this press release contain „forward-looking“ information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve a number of risks and uncertainties. Those factors include conditions in the financial markets and customary offering closing conditions. Please see Continental’s filings with the SEC for certain other factors that may affect forward-looking information.
