MGE Energy, Inc. Prices Public Offering of 3,300,331 Shares of Common Stock
MGE Energy priced a public offering of 3,300,331 shares of common stock at $75.75 per share, with gross proceeds intended for general corporate purposes including debt repayment and capital expenditures. The offering structure includes 990,099 primary shares and 2,310,232 shares sold by forward sellers, with an initial forward sale price of $72.9094 per share.
Key figures
- Offering Price
- 75.75
- Shares Offered
- 3300331
- Forward price
- $72.9094
- Forward shares
- 2310232
- Primary shares
- 990099
- Greenshoe option shares
- 495049
AI analysis
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