NORTHWEST NATURAL GAS COMPANY (NWN) Files An 8-K Other Events
Item 8.01
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Other Events.
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On November 16, 2016, Northwest Natural Gas Company (NW Natural),
issued and sold 1,012,000 shares of its common stock (the Shares)
to a registration statement on Form S-3 (Registration Statement
No. 333-214496) of the Company, which became effective
automatically upon filing with the Securities and Exchange
Commission on November 8, 2016, and a Prospectus Supplement,
dated November 10, 2016, to a Prospectus, dated November 8, 2016.
NW Natural received net offering proceeds, after deducting the
underwriters discounts and commissions and estimated expenses
payable by NW Natural, of approximately $53.0 million. NW Natural
intends that the net proceeds will be used for general corporate
purposes, primarily to fund, in part, NW Naturals ongoing utility
construction program. A portion of the net proceeds may be used
to reduce NW Naturals short-term indebtedness (commercial paper).
The Shares included the full exercise of the over-allotment
option granted to the underwriters for the offering. NW Natural
is filing this Current Report on Form 8-K to report as exhibits
certain documents in connection with the offering.
issued and sold 1,012,000 shares of its common stock (the Shares)
to a registration statement on Form S-3 (Registration Statement
No. 333-214496) of the Company, which became effective
automatically upon filing with the Securities and Exchange
Commission on November 8, 2016, and a Prospectus Supplement,
dated November 10, 2016, to a Prospectus, dated November 8, 2016.
NW Natural received net offering proceeds, after deducting the
underwriters discounts and commissions and estimated expenses
payable by NW Natural, of approximately $53.0 million. NW Natural
intends that the net proceeds will be used for general corporate
purposes, primarily to fund, in part, NW Naturals ongoing utility
construction program. A portion of the net proceeds may be used
to reduce NW Naturals short-term indebtedness (commercial paper).
The Shares included the full exercise of the over-allotment
option granted to the underwriters for the offering. NW Natural
is filing this Current Report on Form 8-K to report as exhibits
certain documents in connection with the offering.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
The following exhibits are being filed herewith.
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Exhibit
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Description
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1.1
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Underwriting Agreement, dated November 10, 2016, by and
among NW Natural and Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC, as representatives of the several underwriters named therein. |
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5(a)
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Opinion of MardiLyn Saathoff, Esquire, regarding the
validity of the securities. |
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5(b)
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Opinion of Morgan, Lewis Bockius LLP, regarding the
validity of the securities. |
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About NORTHWEST NATURAL GAS COMPANY (NWN)