Welcome to our dedicated page for South Jersey Inds news (Ticker: SJI), a resource for investors and traders seeking the latest updates and insights on South Jersey Inds stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect South Jersey Inds's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of South Jersey Inds's position in the market.
South Jersey Industries (SJI) announced the final results of its cash tender offer for its 5.625% Junior Subordinated Notes due 2079. The tender offer, which expired on November 4, 2024, resulted in $95,490,150 in principal amount tendered, representing 47.75% of the outstanding notes. The company will pay $20.00 for each $25.00 principal amount of notes, plus accrued interest from September 16, 2024. Settlement is expected on November 6, 2024, with guaranteed delivery settlement on November 8, 2024. Mizuho Securities USA serves as the Dealer Manager for the tender offer.
South Jersey Industries (SJI) has announced changes to its cash tender offer for its 5.625% Junior Subordinated Notes due 2079. The company has increased the Total Consideration from $18.00 to $20.00 for each $25.00 principal amount of Notes and extended key deadlines. The new Expiration Time is set for November 4, 2024, at 5:00 p.m. NYC time, with the Guaranteed Delivery Date extended to November 6, 2024. As of October 28, 2024, $7,792,225 (3.9%) of the total $200,000,000 Notes outstanding had been tendered. The Withdrawal Deadline remains unchanged at October 30, 2024.
South Jersey Industries (SJI) has launched a cash tender offer to purchase any and all of its outstanding 5.625% Junior Subordinated Notes due 2079. The offer expires on October 30, 2024, at 5:00 p.m., New York City time, unless extended. The total consideration is $18.00 per $25.00 principal amount of Notes, plus accrued and unpaid interest.
Key dates include:
- Withdrawal Deadline: October 30, 2024, 5:00 p.m. NYC time
- Expiration Time: October 30, 2024, 5:00 p.m. NYC time
- Settlement Date: Expected November 1, 2024
- Guaranteed Delivery Date: Expected November 1, 2024
- Guaranteed Delivery Settlement Date: Expected November 5, 2024
The tender offer is not conditioned on any minimum amount of Notes being tendered. Mizuho Securities USA is serving as the Dealer Manager for the offer.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
South Jersey Industries (SJI) announced change of control offers to repurchase various senior notes and bonds from its subsidiaries, South Jersey Gas (SJG) and Elizabethtown Gas (ETG), following a recent acquisition by the Infrastructure Investments Fund (IIF). The offers include repurchases of multiple series of notes due between 2024 and 2058. The SJI Offers will expire on March 16, 2023, while SJG and ETG offers will expire on March 28 and 29, 2023, respectively. The purchase price for all validly tendered notes will equal 100% of the principal amount plus accrued interest. Investors are encouraged to review the offer documents for detailed terms.
South Jersey Industries (SJI) has completed its acquisition by the Infrastructure Investments Fund (IIF), marking a significant step in SJI's commitment to sustainability and clean energy initiatives. This transaction enhances SJI's capabilities in modernizing critical infrastructure while ensuring safe, reliable energy delivery to its customers. Additionally, SJI's Board declared a stub period dividend of $0.1499 per share, reflecting the regular quarterly dividend rate prorated for a 44-day period. Shareholders as of January 31, 2023, will also receive $36.00 per share in cash as merger consideration.
FAQ
What is the market cap of South Jersey Inds (SJI)?
