Chesapeake Utilities launches $225 million at-the-market equity offering program
CPK•Chesapeake Utilities launched an at-the-market offering program for up to $225 million of common stock. Proceeds are expected to support general corporate purposes, including capital spending, debt repayment, acquisitions, subsidiary investment or working capital.
1. Offering details
Shares may be sold from time to time on the NYSE under an equity distribution agreement, including through forward sale agreements. The company said proceeds are expected to support general corporate purposes, including capital spending, debt repayment, acquisitions, subsidiary investment or working capital.
