(Bloomberg) — PG&E Corp. raised $5.5 billion in a common share and equity unit offering to help finance its exit from the biggest utility bankruptcy in U.S. history, according to people familiar with the matter who asked not to be identified.The California power giant sold $4 billion of shares at $9.50 apiece, according to the people, representing a 2.4% discount to Thursday’s close of $9.73. The equity units, which raised about $1.5 billion, have a coupon of 5.50% and a conversion premium of 22.50%, said the people.PG&E declined to comment. The company launched the offering Monday intending to raise a …read more
Source:: Yahoo Finance
