The recent stock common stock offering announced by CorEnergy Infrastructure Trust Inc. is expected to raise $42.25 million, plus an additional $6 million for the underwriters' over-allotment.
The shares were priced as $6.50 per share and the offering is expected to close on or about Jan. 21. CorEnergy expects to use the proceeds to pay for the $40 million acquisition of a petroleum products terminal in Portland, Ore. The terminal is expected to be leased for 15 years to an Arc Logistics Partners…
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