New Haven’s UIL Holdings Corp., parent of four Connecticut utility companies, said it’s planning a public offering of 5 million shares of its common stock.
UIL, which owns the United Illuminating Co., Connecticut Natural Gas Corp., the Southern Connecticut Gas Co. and the Berkshire Gas Co., said it will use proceeds of the sale to repay short-term debt and for general corporate purposes.
J.P. Morgan, BofA Merrill Lynch and Wells Fargo Securities are acting as joint book-running managers of the offering.
