Business
ROCKPOINT GAS STORAGE INC. ANNOUNCES CLOSING OF BOUGHT DEAL SECONDARY OFFERING AND EXERCISE OF OVER-ALLOTMENT OPTION IN FULL
Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces the closing of the previously announced secondary offering (the "Offering") of class "A" common shares of the Company (the "Class A Shares") by BIF II CalGas Carry (Delaware) LLC, BIP BIF II U.S. Holdings (Delaware) LLC, Swan Equity Carry LP and BIP BIF II Swan AIV LP (collectively, the "Selling Shareholders"), which are affiliates of Brookfield Asset Management Private Institutional Capital Adviser (Canada), L.P. ("Brookfield")
About this update from Rockpoint Gas Storage, Inc. Class A
[{"type":"text","content":"/Not for distribution to U.S. newswire services or dissemination in the United States./","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, Feb. 23, 2026 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces the closing of the previously announced secondary offering (the "Offering") of class "A" common shares of the Company (the "Class A Shares") by BIF II CalGas Carry (Delaware) LLC, BIP BIF II U.S. Holdings (Delaware) LLC, Swan Equity Carry LP and BIP BIF II Swan AIV LP (collectively, the "Selling Shareholders"), which are affiliates of Brookfield Asset Management Private Institutional Capital Adviser (Canada), L.P. ("Brookfield").","length":606,"tagName":"p"},{"type":"image","alt":"Rockpoint Gas Storage Logo (CNW Group/Rockpoint Gas Storage Inc.)","displaySize":"","headline":null,"caption":"Rockpoint Gas Storage Logo (CNW Group/Rockpoint Gas Storage Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":199,"url":"https://media.zenfs.com/en/cnwgroup.com/1951ab1a9a77cfa3cfaacb8ad7267beb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cY4Ob_6QRees64HCDtn7tA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTM1ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/1951ab1a9a77cfa3cfaacb8ad7267beb","width":200,"height":199}},"href":"https://mma.prnewswire.com/media/2917910/Rockpoint_Gas_Storage_Inc__ROCKPOINT_GAS_STORAGE_INC__ANNOUNCES.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Pursuant to the Offering, the Selling Shareholders sold an aggregate of 16,400,000 Class A Shares, inclusive of the Class A Shares sold pursuant to the exercise in full of the over-allotment option granted to the underwriters. The Class A Shares were sold at a price of C$28.00 per Class A Share, for total gross proceeds to the Selling Shareholders of approximately C$459 million. The Company will not receive any proceeds from the Offering.","length":447,"tagName":"p"},{"type":"text","content":"The Offering was completed, on a bought deal basis, pursuant to an underwriting agreement dated effective February 17, 2026 among the Company, the Selling Shareholders and a syndicate of underwriters led by RBC Capital Markets and J.P. Morgan, as joint lead bookrunners, along with BMO Capital M...