MGE Energy, Inc. Announces Proposed Public Offering of $250 Million of Shares of Common Stock
MGE Energy launched a $250 million public offering of common stock, consisting of $75 million in direct issuance and $175 million in forward sales. Proceeds are earmarked for general corporate purposes, including capital expenditures, debt repayment, and investments in subsidiaries. Morgan Stanley, Guggenheim Securities, BofA Securities, and J.P.
Key figures
- Deal Value Usd
- 250000000
- Greenshoe option
- 37500000
- Forward sale amount
- 175000000
- Settlement timeline
- 20 months
- Direct issuance amount
- 75000000
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