Finance - Equity
The offer is scheduled to close Jan. 27.
Each share represents 1% of a share of CorEnergy’s new Series A cumulative redeemable preferred stock.
All proceeds will partly repay borrowings under the $4.5 billion, 364-day bridge term loan facility.
The offering is scheduled to close Jan. 26.
The transaction is scheduled to close Jan. 31.
Proceeds will be used to fund the development, construction and placement into service of the Corpus Christi Liquefaction Project.
The fund has made an investment in Twin Eagle Resource Management and backed Redwood Midstream.
Net proceeds from the offerings are expected to be about $2.04 billion and will be used to help pay off a $4.5 billion bridge loan.
Laurel Mountain's primary focus on the Marcellus, Upper Devonian and Utica formations in Western Pennsylvania.
Proceeds will be used to partially repay borrowings under Southwestern's $4.5 billion 364-day bridge term loan facility.
The company, headquartered in Calgary, is looking to deploy approximately $100 million of equity.
The company intends to make further adjustments to its capital spending plan as the commodity price situation dictates.