Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of 8,050,000 shares of common stock of South Jersey Industries, Inc. Included in the shares are 1,050,000 shares sold by South Jersey Industries pursuant to the underwriters’ exercise in full of their option to purchase additional shares. The net proceeds from the offering were approximately $203.6 million. The common stock is listed on the NYSE under the symbol “SJI.”

Headquartered in Folsom, New Jersey, South Jersey Industries operates its business through two primary subsidiaries. South Jersey Gas delivers clean, efficient natural gas and promotes energy efficiency to approximately 375,000 customers in southern New Jersey. South Jersey Industries’ non-regulated businesses promote efficiency, clean technology and renewable energy by developing, owning and operating on-site energy production facilities; acquiring and marketing natural gas and electricity for retail customers; providing wholesale commodity marketing and fuel management services; and offering HVAC and other energy-efficiency related services.

The Davis Polk capital markets team included partner Michael Kaplan, counsel Derek Dostal and associate Evan Leitner. Partner Mary Conway provided tax advice. Counsel David A. Zilberberg and associate Marisa T. Kirio provided environmental advice. All members of the Davis Polk team are based in the New York office.

 
Copy link to share post