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National Fuel raises $350mn through private placement to fund strategic acquisition

National Fuel has secured $350mn in a private placement of common stock with accredited investors to support the acquisition of CenterPoint’s regulated gas business in Ohio.

National Fuel raises $350mn through private placement to fund strategic acquisition

SectorGaz, Gaz naturel
ThemeInvestissements & Transactions, Financement, Développement de projets

U.S.-based energy group National Fuel Gas Company announced it has raised gross proceeds of $350mn through a private placement of approximately 4.4 million common shares, sold at a price of $79.50 per share. The transaction, expected to close on December 17, was signed with a select group of accredited investors under a subscription agreement.

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