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Stock impact report

NJR Announces Public Offering of Common Stock

NewJersey Resources Corporation (NJR) 
Last newjersey resources corporation earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.njresources.com
Company Research Source: Business Wire
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) announced today it has commenced an underwritten public offering of $235 million of shares of its common stock. In conjunction with the offering, NJR intends to grant to the underwriters a 30-day option to purchase up to $35 million of additional shares of common stock either directly from NJR or from affiliates of Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association (the “forward counterparties”), at NJR’s election. Of the shares of common stock being offered, NJR expects to sell $220 million of shares to the underwriters in the offering, and an affiliate of Wells Fargo Bank, National Association expects to borrow and sell to such underwriters $9 million of shares in connection with its forward sale agreement described below and an affiliate of JPMorgan Chase Bank, National Association expects to borrow and sell to such underwriters $6 million of shares in connection with its Show less Read more
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