Corporate ActionAug 6, 2026, 05:10 PM
Clearway Energy Establishes $100M ATM Equity Program
AI Summary
Clearway Energy, Inc. and Clearway Energy LLC have entered into an Equity Distribution Agreement to establish an At-The-Market (ATM) program. This program allows the company to offer and sell up to $100 million of its Class C common stock through various agents. The net proceeds from these sales are intended for general corporate purposes, including the repayment or refinancing of indebtedness, funding working capital, capital expenditures, acquisitions, and investments.
Key Highlights
- Clearway Energy established an At-The-Market (ATM) equity program.
- Company may offer and sell up to $100,000,000 of Class C common stock.
- Sales agents include Wells Fargo, Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan.
- Net proceeds are for general corporate purposes, including debt repayment and acquisitions.
- Shares will be sold via ordinary brokers' transactions on the New York Stock Exchange.
- Issuance is pursuant to a prospectus supplement to an S-3 shelf registration statement.
Price Impact
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