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Algonquin Power & Utilities Corp. Announces Closing of Equity Financing
Algonquin Power & Utilities Corp. Announces Closing of Equity Financing Algonq...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n\n\n\nAlgonquin Power & Utilities Corp. Announces Closing of Equity Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAlgonquin Power & Utilities Corp. Announces Closing of Equity Financing\nCanada NewsWire\nOAKVILLE, ON, Dec. 20, 2018\n\n\n\nOAKVILLE, ON, Dec. 20, 2018 /CNW/ - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (\"APUC\" or the \"Company\") today announced that it has closed the previously reported equity offering, pursuant to which it issued and sold 12,536,350 common shares of APUC (the \"Shares\") to certain institutional investors at a price of C$13.76 per Share, for gross proceeds of approximately C$172.5 million (the \"Offering\").  The Shares were offered and sold directly to the institutional investors by APUC without an underwriter or placement agent. The proceeds of the Offering are anticipated to be used to partially finance APUC's recently announced acquisition of Enbridge Gas New Brunswick Limited Partnership, and for general corporate purposes. \nThis press release does not constitute an offer to sell or the solicitation of an offer to buy the Shares, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAll dollar amounts referenced herein are in U.S. dollars unless otherwise noted.\nAbout Algonquin Power & Utilities Corp.\nAPUC is a diversified generation, transmission and distribution utility with approximately $9 billion of total assets. Through its two business groups, APUC provides rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 766,000 connections, and is committed to being a global leader in the generation of clean energy through its ownership of, or interest in, long term contracted wind, solar and hydroelectric generating facilities representing approximately 1.7 GW of installed capacity. With a team of over 2,300 talented employees,...