Carlyle’s SPAC Regalwood Global Energy Goes Public


Regalwood Global Energy Ltd. (NYSE: RWGE.U) announced today that it priced its initial public offering of 30,000,000 units at $10.00 per unit for aggregate gross proceeds of $300,000,000. Each unit consists of one Class A ordinary share and one third of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The underwriters have been granted a 45-day option to purchase up to an additional 4,500,000 units offered by the Company to cover over-allotments, if any. The units are expected to begin trading on the NYSE on December 1, 2017 under the symbol “RWGE.U”.

The offering is expected to close on December 5, 2017, subject to customary closing conditions.

Regalwood Global Energy Ltd. is an international energy-focused special purpose acquisition company sponsored by an affiliate of Carlyle International Energy Partners, L.P., formed as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Regalwood Global Energy Ltd. is led by Marcel Q. H. van Poecke, Chairman of the Board of Directors, Robert Maguire, a member of the Board of Directors, Brooke B. Coburn, President, and Kevin R. Gasque, Chief Financial Officer.

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