Infrastructure and Energy Alternatives, Inc. Announces Offering of Senior Notes due 2029
July 30 2021 - 8:12AM
Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA)
(together with its subsidiaries except where the context otherwise
suggests, “IEA,” “we,” “our,” “us” or the “Company”), today
announced that its wholly owned subsidiary, IEA Energy Services LLC
(the “Issuer”), intends to offer (the “Notes Offering”), subject to
market and other customary conditions, $300.0 million aggregate
principal amount of senior notes due 2029 (the “Notes”). The Notes
will be guaranteed on a senior unsecured basis by IEA and certain
of its domestic wholly-owned subsidiaries.
We intend to use the net proceeds from the Notes Offering to
repay the balance outstanding under our term loan under our Third
Amended and Restated Credit agreement and to pay for the redemption
of a portion of our outstanding Series B Preferred Stock.
The Notes and related guarantees will be offered and sold, and
documents relating to the Notes will only be distributed, to (i)
persons reasonably believed to be “qualified institutional buyers”
within the meaning of Rule 144A under the Securities Act of 1933,
as amended (the “Securities Act”), or (ii) persons outside the
United States that are not “U.S. persons” within the meaning of
Regulation S under the Securities Act and that are not acquiring
the Notes for the account or benefit of a U.S. person.
The Notes and related guarantees have not been and will not be
registered under the Securities Act or the securities laws of any
other jurisdiction and may not be offered or sold in the United
States or to any U.S. persons except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements
of the Securities Act.
No Offer or Solicitation
This communication is for informational purposes only and is not
an offer to buy or the solicitation of an offer to sell any
securities. Any offers of the Notes will be made only by means of a
private offering memorandum.
About IEA
Infrastructure and Energy Alternatives, Inc. is a leading
infrastructure construction company with renewable energy and
specialty civil expertise. Headquartered in Indianapolis, Indiana,
with operations throughout the country, IEA’s service offering
spans the entire construction process. IEA offers a full spectrum
of delivery models including full engineering, procurement, and
construction, turnkey, design-build, balance of plant, and
subcontracting services. IEA is one of the larger providers in the
renewable energy industry and has completed more than 240 utility
scale wind and solar projects across North America. In the
heavy-civil space, IEA offers a number of specialty services
including environmental remediation, industrial maintenance,
specialty transportation infrastructure and other site development
for public and private projects. For more information, please visit
IEA’s website at www.iea.net or follow IEA
on Facebook, LinkedIn and Twitter for the
latest IEA news and events.
Cautionary Note Regarding Forward-Looking
Statements This release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The use of words such as “anticipate,”
“expect,” “could,” “may,” “intend,” “plan” and “believe,” among
others, generally identify forward-looking statements. These
forward-looking statements may include, but are not limited to,
statements regarding the Notes Offering, such as the timing of the
Notes Offering and the intended use of net proceeds from the Notes
Offering. These forward-looking statements are based on currently
available operating, financial, economic and other information, and
are subject to a number of risks and uncertainties. Readers are
cautioned that these forward-looking statements are only
predictions and may differ materially from actual future events or
results. A variety of factors, many of which are beyond our
control, could cause actual future results or events to differ
materially from those projected in the forward-looking statements
in this release. For a full description of the risks and
uncertainties which could cause actual results to differ from our
forward-looking statements, please refer to IEA’s periodic filings
with the SEC including those described as “Risk Factors” in IEA’s
annual report on Form 10-K filed on March 8, 2021 and any quarterly
reports on Form 10-Q filed thereafter. IEA does not undertake any
obligation to update forward-looking statements whether as a result
of new information, future events or otherwise, except as may be
required under applicable securities laws.
Contacts: |
|
|
Peter J. Moerbeek |
Kimberly Esterkin |
Chief Financial Officer |
ADDO Investor Relations |
Pete.Moerbeek@iea.net |
iea@addoir.com |
765-828-2568 |
310-829-5400 |
Infrastructure and Energ... (NASDAQ:IEA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Infrastructure and Energ... (NASDAQ:IEA)
Historical Stock Chart
From Sep 2023 to Sep 2024