NW Natural Announces Common Stock Offering

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Go back to NW Natural Announces Common Stock Offering

Northwest Natural Gas (NWN) Prices $48M Common Stock Offering

November 11, 2016 6:06 AM EST

Northwest Natural Gas Company, dba NW Natural (NYSE: NWN), announced the pricing of an underwritten public offering of 880,000 shares of its common stock, at a price to the public of $54.63 per share. In connection with the offering, NW Natural granted the underwriters involved in the offering with a 30-day option to purchase up to an additional 132,000 shares of its common stock. The offering is expected to close on November 16, 2016, subject to customary closing conditions.

The net proceeds will be added to the general funds of NW Natural and will be used for general... More