DALLAS, January 30, 2015 – InfraREIT, Inc. announced the pricing of the initial public offering of 20 million shares of its common stock at $23 per share. The shares began trading on the New York Stock Exchange on January 30, 2015 under the symbol “HIFR.” The underwriters have been granted a 30-day option to purchase up to an additional three million shares of common stock from InfraREIT at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on or about Feb. 4, 2015, subject to customary closing conditions.
InfraREIT is a real estate investment trust that owns rate-regulated electric transmission and distribution assets in the state of Texas. It is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc. (a diversified holding company based in Dallas, Texas and managed by the Ray L. Hunt family).
Baker Botts is representing InfraREIT in the transaction.
Baker Botts Lawyers/Office Involved: Corporate: Bill Howell (Partner, Dallas); Brayton Dresser (Partner, New York); Krysta Edwards (Associate, Dallas); Marian Fielding (Associate, Dallas); Francesca Djerejian (Associate, New York); Terence Rozier-Byrd (Special Counsel, New York), Tax: Steve Marcus (Partner, Dallas); Josh Mandell (Partner, Dallas); Eric Winwood (Partner, Dallas); Zackary Pullin (Senior Associate, Houston); Kathryn McEvilly (Associate, Houston); Scott Langley (Special Counsel, New York), Finance: Alison Boren (Partner, Dallas); Martin Toulouse (Partner, New York); Peter Glenn (Associate, New York); Jenny Zhang (Associate, New York); Yvette Lanneaux (Associate, New York)
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