National Fuel Gas Company Announces Offering of Common Stock
May 28 2020 - 3:22PM
National Fuel Gas Company (NYSE: NFG) (the “Company”) today
announced that the Company has commenced an underwritten public
offering of 3.25 million shares of the Company’s common stock
(the “Common Stock”). The Company is conducting the offering
pursuant to an effective registration statement under the
Securities Act of 1933. The Company expects to grant the respective
underwriters a 30-day option to purchase up to an
additional 487,500 shares of Common Stock.
The Company intends to use the net proceeds from the offering
for general corporate purposes, which may include the payment of a
portion of the purchase price for its previously announced
acquisition of certain assets from SWEPI LP (the “Acquisition”).
The offering is not contingent upon the consummation of the
Acquisition.
J.P. Morgan Securities LLC, BofA Securities and Goldman Sachs
& Co. LLC are acting as representatives of the underwriters and
joint-book running managers for the offering.
The Company has filed a registration statement (including a
prospectus and a preliminary prospectus supplement) with the
Securities and Exchange Commission (the “SEC”) for the offering.
Before you invest, you should read the prospectus supplement and
accompanying prospectus, the registration statement and the other
documents that the Company has filed with the SEC for more complete
information about the Company and the offering. Investors may
obtain these documents for free by visiting the SEC’s website at
www.sec.gov. Alternatively, copies of the preliminary prospectus
supplement and accompanying prospectus relating to the offering can
be obtained by contacting: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, Attention: Prospectus Department,
1155 Long Island Avenue, Edgewood, NY 11717, or via telephone:
1-866-803-9204; BofA Securities, Inc., Attention: Prospectus
Department, 200 North College Street, 3rd Floor, Charlotte, North
Carolina 28255, or by email at dg.prospectus_requests@bofa.com; or
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, New York, 10282, by telephone at (866)
471-2526, or by email at prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Cautionary Statement on Forward-Looking
Language
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Any statements that are not statements of historical fact
should be considered to be forward-looking statements, including
statements regarding our ability to complete the offering and the
anticipated use of proceeds from the offering. The offering is
subject to market and other conditions and there can be no
assurance as to whether or when the offering will be completed. Any
such forward-looking statements are made based on information
currently known and are subject to various risks and uncertainties,
including those contained in the Company’s filings with the SEC,
including the prospectus and prospectus supplement for the
offering, its Annual Report on Form 10-K for the year ended
September 30, 2019 and its Quarterly Report on Form 10-Q for the
quarter ended March 31, 2020. The Company does not assume any
obligation to update or revise any forward-looking statements to
reflect new events or circumstances.
National Fuel is an integrated energy company reporting
financial results for four operating segments: Exploration and
Production, Pipeline and Storage, Gathering, and Utility.
Additional information about National Fuel is available at
www.nationalfuel.com.
Analyst Contact:
Kenneth E. Webster
716-857-7067
Media Contact:
Karen L. Merkel
716-857-7654
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