Finance - Equity
Kinder Morgan’s offering pushed corporate bond sales to more than $1.48 trillion, just shy of the $1.49 trillion record set in 2013, Bloomberg data show.
Competing with traditional traditional debt and equity raises are convertible debt and preferred financing transactions. Here are the advantages.
CorEnergy intends to use the net proceeds for the acquisition of the ownership and operations of the MoGas Pipeline System.
The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of common stock.
The shares to be sold in the offering will be sold by certain entities controlled by Wexford Capital LP and by Gulfport Energy Corp.
Net proceeds will fund part of the purchase price for the Eastern Shelf acquisition in the Permian Basin.
The company will not sell any shares or receive any proceeds.
The company expects to use the net proceeds from this offering for general corporate purposes, including continuing to develop its industry-leading position in the Spraberry/Wolfcamp play.
ExL’s management formerly helped grow Henry Petroleum, a successful independent oil and gas company.
Net proceeds will fund part of the purchase price for the Nuevo Midstream LLC acquisition, the company said.
The shares, listed on the New York Stock Exchange under the ticker “SHLX,” will start trading Oct. 29.
The units were approved to list on the New York Stock Exchange under the ticker 'AM.'