The York Water Company Announces Closing of its Common Stock Public Offering
April 05 2022 - 10:11AM
The York Water Company (“York Water” or the “Company”) (NASDAQ:
YORW), a provider of water and wastewater utility services, today
announced the closing of its previously-announced public offering
of 975,600 shares of its common stock at a price to the public of
$41 per share. The net proceeds to York Water from the offering,
after deducting the underwriting discounts and commissions and
other offering expenses, are approximately $38.2 million.
York Water intends to use the net proceeds from the offering for
general corporate purposes, including our capital investment
program, repayment of outstanding indebtedness, and potential
acquisitions.
Janney Montgomery Scott is acting as sole book-running manager
for the offering.
The offering was made by means of a prospectus supplement and an
accompanying prospectus. A prospectus supplement relating to the
offering has been filed with the SEC. Copies of the prospectus
supplement and the accompanying prospectus may be obtained by
visiting EDGAR on the SEC’s website at www.sec.gov or from: Janney
Montgomery Scott LLC, Attention: Equity Capital Markets Group, 60
State Street, Boston, MA 02109 or by email at
prospectus@janney.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any
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.
This news release may contain forward-looking
statements regarding the Company’s operational and financial
expectations. These statements are based on currently available
information and are subject to risks, uncertainties, and other
events which could cause the Company’s actual results to be
materially different from the results described in this statement.
The Company undertakes no duty to update any forward-looking
statement. More information concerning forward-looking statements
can be found in the Company’s SEC filings with the SEC at
sec.gov.
Contact:
JT Hand, President and CEO
jth@yorkwater.com, 717-718-7554
or
Matthew E. Poff, Chief Financial Officer
matthewp@yorkwater.com, 717-718-7549
Phone:
717-845-3601
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