Baird served as a senior co-manager on this offering
AboutChesapeake 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:
- September 2016
- Chesapeake Utilities Corporation
- Target Location
- North America