Units sold to Niska Sponsor Holdings Cooperatief at 39.25% premium
By Devika Patel
Knoxville, Tenn., Aug. 24 - Niska Gas Storage Partners LLC settled an $11 million private placement of common units on Aug. 24, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 687,500 common units to Niska Sponsor Holdings Cooperatief UA. The purchase price of $16.00 per unit is a 39.25% premium to the Aug. 23 closing share price of $11.49.
Based in Houston, Niska Gas Storage is the largest independent owner and operator of natural gas storage assets in North America.
| Issuer: | Niska Gas Storage Partners LLC
|
| Issue: | Common units
|
| Amount: | $11 million
|
| Units: | 687,500
|
| Price: | $16.00
|
| Warrants: | No
|
| Investor: | Niska Sponsor Holdings Cooperatief UA
|
| Settlement date: | Aug. 24
|
| Stock symbol: | NYSE: NKA
|
| Stock price: | $11.54 at close Aug. 24
|
| Market capitalization: | $780.21 million
|
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