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MGE Energy Announces Proposed Public Offering of Common Stock
MADISON, Wis.--(BUSINESS WIRE)-- MGE Energy, Inc. (Nasdaq: MGEE) today announced the commencement of a proposed public offering of 1,300,000 shares of its
About this update from Mge Energy Inc.
[{"type":"text","content":" MADISON, Wis.--(BUSINESS WIRE)--\nMGE Energy, Inc. (Nasdaq: MGEE) today announced the commencement of a proposed public offering of 1,300,000 shares of its common stock in an underwritten public offering. In connection with the offering, MGEE will grant the underwriters a 30-day option to purchase up to an additional 195,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.\n\n\nMGEE intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures.\n\n\nMorgan Stanley and BofA Securities are acting as joint book-running managers for the offering.\n\n\nA shelf registration statement on Form S-3, including a prospectus, related to the shares, has been filed by MGEE with the U.S. Securities and Exchange Commission (\"SEC\") and has become effective automatically upon filing. The offering will be made only by means of a preliminary prospectus supplement and the accompanying prospectus which will be filed today with the SEC. Copies of the preliminary prospectus supplement and the accompanying prospectus, and the final prospectus supplement, when available, may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or from BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, email: [email protected], or by visiting the SEC's website at www.sec.gov under MGEE's name.\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\n\nAbout MGE Energy\n\n\nMGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 155,000 customers in Dane County, Wis., and purchases and distributes natural gas to 163,000 customers in seven sout...