CorEnergy Infrastructure Trust Inc.

Description

CorEnergy Infrastructure Trust Inc. closed the offering of $120 million aggregate principal amount of 5.875% convertible senior notes due 2025. The offering resulted in approximately $116 million net proceeds to CorEnergy after deducting the initial purchasers' discount and estimated offering expenses payable by CorEnergy. The notes will be convertible at an initial conversion rate of 20.0000 shares of the company’s common stock per $1,000 principal amount of the notes, which is equivalent to an initial conversion price of approximately $50 per share of the company’s common stock.

Click here to go back to the search page
Estimated Price
$120.0MM
Financing Type
Report Date