Chesapeake Utilities announced the commencement of an underwritten public offering of $330M of shares of its common stock. The net proceeds from the offering will be used to fund, in part, the acquisition of Florida City Gas, which is expected to close in the fourth quarter of 2023, and to pay related fees and expenses. Barclays Capital Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint lead book-running managers for the offering.
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