Pike Files $250 Million Mixed Shelf
July 17, 2009 (FinancialWire) — Pike Electric Corp. (NYSE: PIKE) has filed a universal shelf registration statement with the Securities and Exchange Commission to allow the company to offer and sell up to $250 million of common stock, preferred stock, debt securities, guaranties of debt securities, warrants, units or any combination thereof.
Company CEO J. Eric Pike said that while Pike had “no specific plans” to offer securities under the shelf at this point, “it positions us to quickly arrange financing for business opportunities that support our growth strategy.”
Mount Airy, North Carolina-based Pike is a provider of energy solutions for utilities, municipalities and cooperatives throughout the United States.
The company’s services include siting, permitting, engineering design, installation, maintenance and repair of power delivery systems, including renewable energy projects.
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