Spark Energy, Inc. 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock
By: Tim McPartland,
Date Sold 3/8/2017
Shares Issued 1,400,000 Overallotment Shares 210,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol SPKEP OTC Grey Market SKYQP
Market Traded ON NASDAQ
Dividend Payment Paid on the 15th of January, April, July and October beginning on 7/15/2017
Quarterly Dividend .547 Annual Dividend 2.1875
Securities may be redeemed, at the issuers option, as early as 4/15/2022 for a redemption price of $25/share plus accrued dividends.
Coupon is fixed at 8.75% until 4/14/2022 after which it floats at 6.578% plus 3 month Libor.
Dividend Payment Will be a Qualified Distributions
Maturity Date None