Algonquin Gas Transmission $500.00 million Fundraising. Stephen J Neyland Released Aug 15 Form D

Algonquin Gas Transmission Financing

Algonquin Gas Transmission, Llc, Limited Liability Company just submitted form D regarding $500.00 million debt financing. This is a new filing. Algonquin Gas Transmission was able to fundraise $500.00 million. That is 100.00 % of the fundraising offer. The total offering amount was $500.00 million. The financing document was filed on 2019-08-15. The reason for the financing was: unspecified.

Algonquin Gas Transmission is based in Texas. The firm’s business is Other Energy. The D form was submitted by Stephen J Neyland VP-Finance & Manager of the Managing Mbr. The company was incorporated more than five years ago. The filler’s address is: 5400 Westheimer Court, Houston, Tx, Texas, 77056. Richard M. Paglia is the related person in the form and it has address: 5400 Westheimer Court, Houston, Tx, Texas, 77056. Link to Algonquin Gas Transmission Filing: 000000353019000002.

Analysis of Algonquin Gas Transmission Offering

On average, firms in the Other Energy sector, sell 65.00 % of the total offering size. Algonquin Gas Transmission sold 100.00 % of the offering. Could this mean that the trust in Algonquin Gas Transmission is high? The average offering size for companies in the Other Energy industry is $1.11 million. The total amount raised is 45,067.12 % bigger than the average for companies in the Other Energy sector. The minimum investment for this offering was set at $1000000. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Algonquin Gas Transmission Also

The Form D signed by Stephen J Neyland might help Algonquin Gas Transmission, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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