Current Report Filing (8-k)
21 2월 2020 - 6:20AM
Edgar (US Regulatory)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 18, 2020
SOUTH JERSEY INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
1 South Jersey Plaza
Folsom, NJ 08037
(Address of principal executive offices, including Zip Code)
Registrant’s telephone number, including area code: (609) 561-9000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
Securities registered pursuant to Section 12(b) of the Act:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On February 18, 2020, South Jersey Industries, Inc. (the
“Company”), through its indirect wholly-owned subsidiary, Marina Energy, LLC (the “Seller”), completed its previously announced sale of 100% of the issued and outstanding limited liability company membership interests of ACB Energy Partners, LLC
(“ACB”) to DTE Atlantic, LLC (“Purchaser”) pursuant to the terms of the Purchase and Sale Agreement (the “Purchase Agreement”) dated as of December 5, 2019, by and among Seller and Purchaser.
Under the terms of the Purchase Agreement, ACB acquired certain assets prior to the closing such that at the closing, ACB owned 100% of the assets that
operate an eight-megawatt combined heat and power generation facility that provides electricity and hot and chilled water to both Borgata Hotel Casino & Spa and The Water Club located in Atlantic City, New Jersey. The purchase price was
approximately $100 million, as adjusted pursuant to the terms of the Purchase Agreement.
The foregoing description of the Purchase Agreement is qualified by reference to the full text of the Purchase Agreement, which was filed as Exhibit 2.1
to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 9, 2019.
On February 19, 2020, the Company issued a press release
announcing the completion of the asset sale. A copy of the press release is attached as Exhibit 99.1 hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
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