UIL Holdings Corporation UIL announced today it has priced
a public offering of 5,000,000 shares of common stock at $37.25 per
share, resulting in gross proceeds of $186.25 million. UIL has also
granted the underwriters a 30-day option to purchase up to 750,000 additional
shares of common stock to cover any overallotments. The Company will use
these proceeds to pay down short-term debt and for general corporate
purposes.
J.P. Morgan, BofA Merrill Lynch, and Wells Fargo Securities are acting
as joint book-running managers of the offering. Copies of the prospectus
and prospectus supplement relating to the shares of common stock offered
in this offering may be obtained by contacting J.P. Morgan at 1155 Long
See full press release
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