Spark Energy, Inc. ("Spark" or the "Company") today announced that it has amended and extended its repurchase program (the "Repurchase Program") of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (the "Preferred Stock"), formerly announced on May 22, 2019.

The Repurchase Program allows the Company to purchase Preferred Stock through December 31, 2020, at prevailing prices, in open market or negotiated transactions, subject to market conditions, maximum share prices and other considerations.

The Repurchase Program does not obligate the Company to make any repurchases and may be suspended at any time.

The Company intends to fund the Repurchase Program through available cash balances as well as future operating cash flows.

Tags:
Spark Energy   Finance  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
FT: Mitsubishi-Backed Retail Supplier 'Prepares Bid' For International Retail Supplier With U.S. Arm
UK Retail Supplier With US Affiliate In Talks To Secure 'New Funding'; Wholesale Prices Challenge
Lightsource bp Completes $380m Financing on 316 Megawatts of Solar in Texas, Announces PPAs '
AltaGas Provides Update On Strategic Plan, Introduces 2021 Financial Guidance And Increases Dividend
NRG Announces Notes Offerings, Part Of Funding Direct Energy Acquisition