PG&E Corp preparing $11 billion debt financing: investor
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PG&E Corp. (PCG) Reports $3.25B Common Share Investment from Multiple Investors
June 8, 2020 6:02 AM EDTPG&E Corporation (NYSE: PCG) today announced that it has entered into a definitive agreement with a select number of investors, including affiliates of Appaloosa, Third Point LLC, Zimmer Partners and Fidelity Management & Research Company, LLC, that have agreed to purchase an aggregate of $3.25 billion in common stock of PG&E, expected to be issued in a private placement upon PG&Es emergence from Chapter 11.
The transaction is expected to close on the effective date of PG&Es emergence from Chapter 11. The investors will pay up to $10.50 per share,... More
