CorEnergy Infrastructure Trust Announces 18.5M Shares Offering

CorEnergy Infrastructure Trust CORR today announced that it intends to offer, subject to market and other conditions, 18,500,000 shares of its common stock in an underwritten public offering. CorEnergy also intends to allow the underwriters a 30-day option to purchase up to an additional 2,775,000 shares of the common stock, at the public offering price, less the underwriting discount. CorEnergy intends to use the net proceeds from the offering to finance a portion of the $225 million purchase price of the previously announced anticipated acquisition of a Liquids Gathering System (“LGS”) located in the Pinedale field in southwest Wyoming from a wholly-owned subsidiary of Ultra Petroleum Corp. UPL. See full press release