Paul Hastings Advises Underwriters on Chesapeake Utilities Corporation’s Common Stock Offering

Paul Hastings LLP is advising Barclays Capital Inc., RBC Capital Markets, LLC, and Wells Fargo Securities, LLC, as joint lead book-running managers, and the other underwriters in connection with Chesapeake Utilities Corporation’s underwritten public offering of 4,438,596 shares of common stock at an offering price of $85.50 per share. The net proceeds from the offering are expected to be $367.2 million, including proceeds from the exercise in full of the underwriters’ over-allotment option, and will be used in part to fund Chesapeake’s acquisition of Florida City Gas.

Paul Hastings previously advised Barclays on the committed bridge financing for this acquisition.

Securities & Capital Markets partner Jonathan Ko is leading the Paul Hastings team, which also includes Tax partner Lucas M. Rachuba and associates Amelia Seder and Erik Oakley.

More information can be found here.

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