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Bullboard - Stock Discussion Forum Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one... see more

TSX:AQN - Post Discussion

Algonquin Power & Utilities Corp > Long term debt and financing...
View:
Post by bossu on Oct 26, 2021 5:36pm

Long term debt and financing...

Quite spectacular:
From March 30 2021
Long term debt ---.» $ 5 732 000 000 --» $ 9,50 / sh
Issued shares 603 387 000 shares

-Now with this  total purchase price of approximately $2.846 billion
-Today, the Company entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets and Scotiabank (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 44,080,000 common shares of the Company (the “Shares”) at an offering price of C$18.15 per Share (the “Offering Price”) for total gross proceeds to the Company of C$800 million ($646 million) (the “Offering”). In connection with the Offering, the Company

Just an extra 44 000 000 shares 
But underwriters like the deal !
What about you?

Fun to look at the share price action ...but would not like to be part of the game !
Comment by Billybabin61 on Oct 26, 2021 5:58pm
Agree, alot of debt and the outstanding shares go to 663 million. I do take some comfort that their payout ratio was under 60% prior to this.  Down after hours by over 3% so a pull back to under 18 seems likely tomorrow based on the equity sale. 
Comment by gimebackmymoni on Oct 26, 2021 9:36pm
This post has been removed in accordance with Community Policy
Comment by Tommy123 on Oct 26, 2021 8:43pm
This post has been removed in accordance with Community Policy
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