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CM - Eversource raising almost $600MM to fund $1.1B gas asset buy - June 2020
New England’s largest energy company, Eversource Energy, announced the pricing of 6 million common shares at $86.26 each, plus a 900,000-share underwriters’ overallotment option for 30 days. The offering sold out on June 11, with Eversource realizing $517.56 million in gross proceeds. The registered overallotment value is $77.63 million. Goldman Sachs, Barclays and Citi are the underwriters. The company, which has a large natural gas distribution business, will use net proceeds to fund a......
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