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Hogan Lovells Advises American Commercial Lines, Inc., on $777 Million Merger Agreement

19 October 2010

NEW YORK, 19 October 2010 – A group of Hogan Lovells lawyers is advising American Commercial Lines, Inc. (ACL), one of the largest and most diversified inland marine transportation and service companies in the U.S., in a definitive merger agreement in its acquisition by an affiliate of Platinum Equity.

Valued at approximately $777 million and expected to close in the fourth quarter of 2010, the transaction is subject to customary closing conditions, including the expiration or earlier termination of the Hart-Scott Rodino waiting period and the approval of ACL's stockholders, but is not subject to any condition with regard to the financing of the transaction. ACL intends to keep its existing senior secured notes outstanding and will comply with the indenture governing the notes, including making any required offer to purchase the notes upon a change of control.

Under the terms of the merger agreement, ACL may solicit acquisition proposals from third parties for a period of 40 calendar days continuing through 27 November 2010.

The Hogan Lovells US LLP team advising on this transaction includes New York office partners Amy Freed, Alex Johnson, and Phil Altman; Baltimore partner Mike Silver; Washington, D.C. partners Bill Neff and Carin Carithers; Northern Virginia partner Michele Harrington; and New York associates Derek Meilman, Bob Zapata, Roxanne Tingir, Jennie Ingram, and Lillian Tsu.

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