Spark Energy launches preferred stock share repurchase program
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Spark Energy Inc. on May 22 said it launched a repurchase program of its 8.75% series A fixed-to-floating rate cumulative redeemable perpetual preferred stock, par value 1 cent per share.
The repurchase program runs from May 20, 2019, to May 20, 2020, according to a news release. The retail energy services company plans to fund the program through available cash balances and future operating cash flows.