South Jersey Industries (SJI) announces common stock and equity units offerings
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South Jersey Industries (SJI) Prices 10.25M Share Common Offering at $22.5/Sh
March 18, 2021 6:41 AM EDTSouth Jersey Industries, Inc. (NYSE: SJI) today announced that on March 17, 2021 it priced a registered public offering of 10,250,000 shares of its common stock at $22.25 per share (the Common Stock), for total gross proceeds of approximately $228 million. Of the 10,250,000 shares in the offering, 362,359 will be sold directly by the Company to the underwriters at closing, and 9,887,641 will be subject to the forward sale agreement described below. In addition, the Company announced that on March 17, 2021 it priced a registered public offering of 6.0 million equity units (the Equity Units) (aggregate stated amount of $300 million Equity Units), for total gross proceeds of approximately $300 million. The... More
