Cardinal Infrastructure prices $292 million public offering

Key Facts

In a move highlighting continued activity in infrastructure capital markets, Cardinal Infrastructure priced an upsized public offering of $292 million at $73 per share, with the offering size increased due to strong investor demand, according to reports.

The offering comes as many companies seek to bolster their balance sheets amid uncertain economic conditions. While no current share price is available, the capital raise signals investor confidence in the company's growth prospects.