Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a senior co-manager on this offering

About

Chesapeake Utilities Corporation (“Chesapeake” or the “Company”) (NYSE:CPK), recently completed a follow-on offering of 960,488 shares of common stock at a price of $62.26 per share, generating gross proceeds of approximately $60 million. The Company intends to use the net proceeds from this offering to reduce its short-term debt balance, which has increased in conjunction with recent capex deployments, as well as for general corporate purposes.

Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution, transmission, marketing, gathering and processing; electricity distribution and generation; propane gas distribution and wholesale marketing; and other related services. Chesapeake is headquartered in Dover, Delaware.

For additional information about this transaction, please contact:

John Lanza +1 (414) 298-7669
Lance Lange +1 (414) 765-7079
Brian Cole +1 (414) 298-1702
Peter Kies +1 (414) 765-7262
Ryan Engelhardt +1 (414) 298-2637
Sandy Walter +1 (414) 298-5118
Energy
Follow-On Offering
Date
September 2016
Company
Chesapeake Utilities Corporation
Transaction
M&A
Sectors
Energy
Target Location
North America

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