Algonquin Power & Utilities (NYSE:AQN) prices its upsized public offering of 23M common shares at $13.50/share, for total gross proceeds of US$310.5M.
The greeshoe option is for additional 3.45M common shares.
Closing date is October 16.
Net proceeds will be used to partially finance certain of the previously-announced acquisitions, to partially finance the Company's renewable development growth projects, and for general corporate purposes.
AQN -0.1% after hours to $13.86
Source: Press Release
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