MDU Resources公开发行1，015万股股票

2025-12-04 14:44

MDU Resources (MDU) stated on Thursday that it has priced an underwritten public offering of 10.15M shares of its common stock at a price of $19.70 per share and an additional purchase option of 1.52M shares to its underwriters.
Wells Fargo Securities, BofA Securities, and J.P. Morgan are acting as joint lead bookrunners of the offering.
The offering is expected to close on or about December 5, 2025.
The shares are expected to be borrowed by the forward sellers, Wells Fargo Securities, BofA Securities, and J.P. Morgan from third parties and sold to the underwriters in the offering in connection with the forward sale agreements.
Settlement of the forward sale agreements is expected to occur no later than 24 months following the completion of the offering.
If the company elects physical settlement of the forward sale agreements, it expects to use any net proceeds for general corporate purposes like repayment of debt, capital expenditures, and acquisitions, including payment in 2026 for a 49% undivided ownership interest in the Badger Wind Farm project, as well as working capital.

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