Seeking Alpha

Algonquin Power & Utilities prices upsized stock offering

|About: Algonquin Power & Utilit... (AQN)|By:, SA News Editor

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

Subscribe for full text news in your inbox