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Clearway Energy, Inc. Announces Pricing of Offering of Class C Common Stock

PRINCETON, N.J., Dec. 02, 2019 (GLOBE NEWSWIRE) -- A Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (a??Clearway Energya??) today announced that it has priced the previously announced underwritten public offering of 5,405,405 shares of its Class C common stock at a price of $18.70 per share.
Clearway Energy intends to use the net proceeds from the offering to acquire newly issued Class C units of Clearway Energy LLC (a??Clearway LLCa??).A  Clearway Energy intends to cause Clearway LLC to use such proceeds to partially fund the acquisition of the 527 megawatt Carlsbad Energy Center from an affiliate of Global Infrastructure Partners III (a??GIPa??), pay transaction fees and expenses and use the balance of the proceeds, if any, for general corporate purposes.RBC Capital Markets, LLC is acting as the sole book runner for the offering.A shelf registration statement (including a prospectus) relating to the offering has been filed with the Securities and Exchange Commission (the a??SECa??) and has become effective. You should read the prospectus in that registration statement and the applicable prospectus supplement and other documents Clearway Energy has filed or will file with the SEC for more complete information about Clearway Energy and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Clearway Energy, RBC Capital Markets, LLC or any dealer participating in the offering will arrange to send you the prospectus relating to the offering if you request it by contacting RBC Capital Markets, LLC, Attn: Prospectus Department, 200 Vesey Street, New York, New York 10281 or by email at equityprospectus@rbccm.com.This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.A  The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the a??Securities Acta??).
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