CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement
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Company) entered into an Underwriting Agreement with Wells
Fargo Securities, LLC, as representatives of the several
underwriters named therein (the Underwriters) relating to
the issuance and sale of up to 2,800,000 depositary shares, each
representing 1/100th of a share of the Companys
7.375% Series A Cumulative Redeemable Preferred Stock, par value
$0.001 per share, as well as an additional 420,000 shares
depositary shares issuable to the Underwriters to an
over-allotment option. The price to the public in the offering
was $25.00 per share. The Companys gross proceeds from the
offering are expected to be $70 million, before deducting
underwriting discounts and other estimated offering expenses. The
offering is expected to close on or about April 18, 2017, subject
to the satisfaction of customary closing conditions. The
Underwriting Agreement contains customary representations,
warranties and covenants by the Company. It also provides for
customary conditions to closing, indemnification rights, other
obligations of the parties thereto and termination provisions.
registration statement on Form S-3 (Registration Statement No.
333-209045) and a prospectus supplement thereto.
is only a brief description of certain terms therein, does not
purport to be a complete description of the rights and
obligations of the parties thereunder, and is qualified in its
entirety by the full Underwriting Agreement, a copy of which is
attached hereto as Exhibit 1.1 and is incorporated herein by
reference.
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Regulation FD Disclosure.
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the pricing of the offering. The press release is furnished as
Exhibit 99.1 hereto and is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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1.1
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Underwriting Agreement dated April 12, 2017, by and between
CorEnergy Infrastructure Trust, Inc. and Wells Fargo Securities, LLC, as representatives of several underwriters named therein |
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5.1
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Opinion of Venable LLP as to the legality of the registered
securities |
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5.2
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Opinion of Husch Blackwell LLP as to the legality of the
registered securities |
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8.1
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Opinion of Husch Blackwell LLP relating to tax matters
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23.1
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Consent of Venable LLP (included in Exhibit 5.1)
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23.2
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Consent of Husch Blackwell LLP (included in Exhibit 5.2 and
Exhibit 8.1) |
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99.1
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Press Release dated April 12, 2017
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About CorEnergy Infrastructure Trust, Inc. (NYSE:CORR)
CorEnergy Infrastructure Trust, Inc. is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets. The Company owns assets, such as pipelines, storage terminals, and transmission and distribution assets. It assets include Grand Isle Gathering System, which is a subsea, crude oil pipeline system in the Gulf of Mexico; Pinedale Liquids Gathering System, which consists of approximately 150 miles of pipelines; Portland Terminal Facility, which is a rail and marine facility property; MoGas Pipeline System, which delivers natural gas to both investor-owned and municipal local distribution systems, and Omega Pipeline, which provides natural gas marketing services. CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) Recent Trading Information
CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) closed its last trading session down -0.89 at 34.59 with 98,117 shares trading hands.