CorEnergy Infrastructure Trust Inc. - 2015-01-23

Description

Priced public offering of 2 million depositary shares. Each represents 1% of a share of new 7.375% Series A cumulative redeemable preferred stock. Shares priced at $25 each. Underwriters given monthlong option to purchase 300,000 additional shares. Shares will list on New York Stock Exchange under the ticker “CORRPrA” if approved. Net proceeds will repay revolving credit debts and support general corporate purposes. Wells Fargo Securities LLC, BofA Merrill Lynch and Stifel are joint book-running managers.

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Estimated Price
$50.0MM
Financing Type
Report Date