Holland & Knight Completes $320 Million 144A Offering
January 5, 2006
Adam August - Northern Virginia
Randolph A. "Randy" DelFranco- New York
James Lewis - Northern Virginia
Michael "Mike" Mannix- Northern Virginia
David Matuszewski - Northern Virginia
Jeffrey "Jeff" Rubinger- Ft Lauderdale
Jane K.P. Tam- Northern Virginia
WASHINGTON, D.C. – Holland & Knight LLP today announces the completion of an offering of $320 million of debt securities and warrants by Knoxville, TN based IdleAire Technologies Corporation on December 30, 2005. Holland & Knight LLP represented IdleAire on this Rule 144A transaction.
IdleAire chief executive officer Mike Crabtree noted that the offering will
fund the company’s next major growth phase over the next 15 months. Proceeds
will fuel the installation of IdleAire’s patented Advanced Truckstop
Electrification (ATE™) system in approximately 13,200 parking spaces in
approximately 210 locations in up to 35 states.
IdleAire’s ATE™ technology allows drivers of long-haul trucks to obtain HVAC
through the ATE™ system and turn off their diesel engines instead of idling for
extended periods to heat or cool the cab during daily required rest stops, or
while waiting to load or unload. The system provides filtered in-cab heating and
air conditioning, and a variety of communications and entertainment options to
the truck driver.
The offering team at Holland & Knight was led by Washington, DC-based partner
Jane Tam and McLean, VA based partner
Mike Mannix, who were supported by
partners David Matuszewski,
Randy DelFranco,
Jim Lurie and
Jim Lewis and
associates Adam August,
Jeff Rubinger and
Courtney Kamlet.
About Holland & Knight LLP: Holland & Knight is a global law firm with more than 1,250 lawyers in 26 U.S. offices. Other offices around the world are located in Mexico City, Tokyo and Beijing, with representative offices in Helsinki, Caracas and Tel Aviv. Holland & Knight is among the world’s 15 largest firms, providing representation in litigation, business, real estate and governmental law. Our interdisciplinary practice groups and industry-based teams ensure clients have access to attorneys with the best expertise, regardless of location. www.hklaw.com
Contact: Elizabeth Fogerty, (212) 843-8071