Spark Energy, Inc. announced that it has commenced a public offering of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC").

Spark Energy, announced the pricing of its public offering of 1,400,000 shares of 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") at a price of $25.00 per share.

The underwriters have been granted a 30-day option to purchase up to 210,000 additional shares of Series A Preferred Stock from Spark, exercisable in whole or in part, at the public offering price less the underwriting discount. Dividends on the Series A Preferred Stock will be payable at a rate of 8.75% per annum of the stated liquidation preference of $25.00 from the date of issuance up to (but excluding) April 15, 2022, and from (and including) that date at a floating rate equal to three-month LIBOR plus a spread of 6.578% per annum. The offering is scheduled to close on March 15, 2017.

Spark expects to receive net proceeds of approximately $33.6 million (or approximately $38.7 million if the underwriters exercise in full their option to purchase an additional 210,000 shares of Series A Preferred Stock), after deducting underwriting discounts and a structuring fee but before estimated offering expenses, from the offering.

Spark intends to use the net proceeds of this offering for general corporate purposes, which may include, among other things, funding working capital, capital expenditures, liquidity for operational contingencies, debt repayments and acquisitions.

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