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TravelCenters of America Announces Proposed Public Offering of 10,000,000 Common Shares


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WESTLAKE, OH--May 17, 2011: TravelCenters of America LLC (NYSE Amex: TA) today announced that it has commenced a public offering of 10,000,000 common shares. TA expects to use the proceeds of this offering for general business purposes, including funding capital improvements to TA's existing travel centers, acquisitions of additional travel centers and other expansion activities. It is contemplated that the underwriters will also be granted a 30 day option to purchase up to an additional 1,500,000 common shares to cover overallotments, if any.

The joint bookrunning managers for this offering are Citi, Morgan Keegan & Company, Inc. and UBS Investment Bank.

This press release is neither an offer to sell nor a solicitation of an offer to buy shares, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The preliminary prospectus supplement relating to this offering and related prospectus are expected to be filed with the Securities and Exchange Commission (SEC) and copies can be obtained by contacting the offices of: Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone (800) 831-9146; Morgan Keegan & Company, Inc., Equity Syndicate Department, 50 N. Front Street, 19th Floor, Memphis, TN 38103, telephone (800) 366 7426; and UBS Investment Bank, Attn: Prospectus Dept., 299 Park Avenue, New York, New York 10171, Telephone: 888-827-7275 Ext. 3884.