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    Central Freight Lines withdraws IPO

    Feb. 7, 2003
    LTL carrier Central Freight Lines Inc. said it has withdrawn its proposed initial public offering (IPO) of up to $74.75 million of stock, according to a regulatory filing. Waco, TX-based Central Freight, which originally filed with the Securities and Exchange Commission for the IPO in May 1999, said it intends to file a new registration statement shortly. The company had said it would use net proceeds
    LTL carrier Central Freight Lines Inc. said it has withdrawn its proposed initial public offering (IPO) of up to $74.75 million of stock, according to a regulatory filing.

    Waco, TX-based Central Freight, which originally filed with the Securities and Exchange Commission for the IPO in May 1999, said it intends to file a new registration statement shortly.

    The company had said it would use net proceeds to retire all long-term debt except its real-estate financing, buy new trucks and for general corporate purposes.

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    Tim Parry

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