Horizon Lines IPO

Freshly Minted understands that that US liner company Horizon Lines is interviewing prospective underwriters for an upcoming IPO. Horizon Lines, formerly CSX Lines, was purchased by Carlyle Group in late 2002 for $375 million and sold just over a year later to private equity fund Castle Harlan for $675 million – thanks to a hungry LBO market, lower interest rates and improved EBITDA.

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