H2O America Prices $325 Million Equity Units Offering
H2O America (HTO) has successfully priced an offering of 6.5 million equity units at a price of $50 per unit, raising total proceeds of $325 million. The offering is structured to provide investors with both equity exposure and fixed income characteristics. Each unit includes a stock purchase contract alongside a beneficial interest in the company's 5.3% senior notes due in 2031. These units are designed to offer an annual distribution rate of 7.75%, providing a hybrid yield component for participating investors.
Tickers: $HTO