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Aug 10, 2020

Energy+ Closes $55 Million Offering of Unsecured Debentures

Jill P. Fraser, Melanie Cole and Meredith McCann

On August 10, 2020, Energy+ Inc. closed a $55 million offering of 2.968% senior unsecured debentures due August 10, 2060. The debentures were sold on an agency basis to accredited investors on a private placement basis by means of a confidential offering memorandum.

The net proceeds from the sale of the debentures will be used for capital expenditures and for general corporate purposes. In addition, Energy+ used a portion of the proceeds of the offering to repay $35 million of indebtedness maturing in 2020.

Aird & Berlis represented Energy+ with a team led by Jill Fraser and assisted by Melanie Cole and Meredith McCann.

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