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INVESTMENTS
Untitled Page Published: June 26, 2009 11:21 AM



Clean Energy's stock offering, continued ...

The company expects to use the net proceeds from the offering for corporate necessities, such as capital expenditures related to station construction activities, investment in its liquefied natural gas plants and biomethane production plant or future acquisitions of natural gas fueling infrastructure, among other purposes.

Merrill Lynch & Co. is the sole book-running manager for the offer; Lazard Capital Markets, Janney Montgomery Scott and Craig-Hallum Group are co-managers. It is expected to close July 1.

Clean Energy Fuels provides natural gas and liquefied natural gas for transportation in North America. The company works with the refuse, transit, ports, trucking, airport and municipal fleet markets, among others, and fuels more than 17,200 vehicles across the U.S. and Canada.

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