NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (NASDAQ: CLNE) ('Clean Energy') today announced
that it has filed a prospectus supplement with the Securities and
Exchange Commission (the 'SEC') under which it may sell shares of its
common stock having an aggregate gross sales price of up to $75 million
from time to time through an 'at-the-market' offering program.
Clean Energy intends to use the net proceeds from this offering for
general corporate purposes, which may include, without limitation,
repaying all or a portion of Clean Energy's outstanding 7.5% Convertible
Notes due 2016.
The shares may be offered from time to time pursuant to an equity
distribution agreement entered into by and between Clean Energy and
Citigroup Global Markets Inc., as sales agent and/or principal.
Sales, if any, will be made in transactions that are deemed to be
'at-the-market' offerings, including sales made by means of ordinary
brokers' transactions on the NASDAQ Global Select Market or otherwise at
market prices prevailing at the time of sale, at prices related to
prevailing market prices or as otherwise agreed to with the applicable
sales agent.
The offering will be made pursuant to Clean Energy's effective shelf
registration statement, previously filed with the SEC. The offering is
being made only by means of a prospectus supplement to the base
prospectus contained in such registration statement that has been filed
with the SEC. Before making an investment in these securities, potential
investors should read the prospectus supplement and the accompanying
base prospectus for more complete information about Clean Energy and the
offering. Potential investors may obtain these documents for free by
visiting EDGAR on the SEC's website at www.sec.gov.
Alternatively, potential investors may obtain copies of these documents
from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, toll free at (800) 831-9146.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities, in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
Forward-Looking Statements
Certain of the matters discussed in this press release constitute
forward-looking statements within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, both as amended by the
Private Securities Litigation Reform Act of 1995. The forward-looking
statements include, among other things, statements regarding the intent,
belief or expectations of Clean Energy and can be identified by the use
of words such as 'may,' 'will,' 'should,' 'would,' 'assume,' 'outlook,'
'seek,' 'plan,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,'
'forecast' and other comparable terms. These forward-looking statements
represent Clean Energy's expectations and beliefs concerning future
events, and no assurance can be given that the future results described
in this press release will be achieved. There are a number of risks and
uncertainties that could cause actual results to differ materially from
the forward-looking statements. Other unknown or unpredictable factors
could also have material adverse effects on future results, performance
or achievements of the company. The factors and assumptions upon which
any forward-looking statements herein are based are subject to risks and
uncertainties that include, among others, risks associated with the
offering, the risk factors set forth in Clean Energy's most recent
Annual Report on Form 10-K and in subsequent reports filed with the SEC,
and other factors over which it has little or no control. In light of
these risks, uncertainties, assumptions and factors, the forward-looking
events discussed in this communication may not occur. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this communication,
unless noted otherwise. Except as required under the federal securities
laws and the rules and regulations of the SEC, Clean Energy does not
undertake any obligation to release publicly any revisions to the
forward-looking statements to reflect events or circumstances after the
date of this communication or to reflect the occurrence of unanticipated
events.
About Clean Energy
Clean Energy Fuels Corp. (NASDAQ: CLNE) is the largest provider of
natural gas fuel for transportation in North America. We build and
operate CNG and LNG fueling stations; manufacture CNG and LNG equipment
and technologies for ourselves and other companies; develop RNG
production facilities; and deliver more CNG, LNG and RNG fuel than any
other company in the U.S. For more information, visit www.cleanenergyfuels.com.
View source version on businesswire.com : http://www.businesswire.com/news/home/20151112005369/en/
Clean Energy Fuels Corp.
Investors:
Tony Kritzer,
949-437-1403
[email protected]
or
Media:Gary
Foster, 949-437-1113
[email protected]
Source: Clean Energy Fuels Corp.
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