MDU Resources terminates ATM equity distribution agreement; ~3.6M shares remain unissued

MDU RESOURCES GROUP INC

Terminated Distribution Agreement with J.P. Morgan Securities LLC and MUFG Securities Americas Inc., effective August 10, 2023.
Agreement allowed sale of up to 6,398,889 shares; ~3.6M shares of capacity remained at termination.
No termination penalties incurred by the Company.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MDU RESOURCES GROUP INC terminated Distribution Agreement with J.P. Morgan Securities LLC and MUFG Securities Americas Inc., as agents (effective 2023-08-10).

Action: termination
Agreement: atm program
Counterparty: J.P. Morgan Securities LLC and MUFG Securities Americas Inc., as agents
Effective: 2023-08-10

Exact text from the filing

On August 10, 2023, MDU Resources Group, Inc. (the “Company”) provided notice of termination, effective August 10, 2023, of the Distribution Agreement, dated as of February 22, 2019, as amended on August 14, 2020 (the “Distribution Agreement”), that the Company had entered into with J.P. Morgan Securities LLC and MUFG Securities Americas Inc., as agents (together, the “Agents”).

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Source: SEC EDGAR

accession 0000067716-23-000099

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