Horizon Lines Announces Pricing of Secondary Offering

Tuesday, September 12, 2006
Horizon Lines, Inc.announced the public offering of 5,300,000 shares of its common stock, all of which are being sold by stockholders of the Company, at a price to the public of $14.50 per share. The selling stockholders have also granted the underwriters a 30-day option to purchase up to 795,000 additional shares from them. The Company will not be issuing any primary shares in the offering or upon the exercise of the underwriters' option. The offering is being made through an underwriting syndicate led by Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Goldman, Sachs & Co.
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