trending Market Intelligence /marketintelligence/en/news-insights/trending/jTv1-DoJZk0kOEROLV4fGg2 content esgSubNav
In This List

Spark Energy registers securities for sale

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Firms Realize the Value of Data Driven Decision Making

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


Spark Energy registers securities for sale

Spark EnergyInc. on Oct. 7 filed a registration statement on Form S-3 for thepotential sale of up to $510.4 million worth of securities from time to time.

The filing covers the sale of $200 million worth of class Acommon stock, preferred stock, depositary shares and warrants. In addition, theselling stockholders may offer and sell from time to time up to 11,339,563shares of the company's class A common stock, totaling $310.4 million.

Spark Energy intends to use the net proceeds from the saleof securities for general corporate purposes, including repayment orrefinancing of existing indebtedness, financing of capital expenditures andacquisitions and investment in existing and future projects.

The company will not receive any proceeds from the sale ofsecurities by the selling stockholders.