Carlyle’s SPAC Regalwood Global Energy goes public

Regalwood Global Energy Ltd, a special purpose acquisition company formed by Carlyle to invest in international oil and gas assets, has raised about $300 million for its IPO after pricing its 30 million shares at $10 per share. The stock began trading December 1, 2017 on the New York Stock Exchange under the ticker symbol “RWGE.U.” Citigroup and J.P. Morgan are the lead underwriters.

PRESS RELEASE

WASHINGTON – Regalwood Global Energy Ltd. (NYSE: RWGE.U; the “Company”) 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.

Citigroup and J.P. Morgan are acting as joint book-running managers of the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 30, 2017. The offering is being made only by means of a prospectus, copies of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: (800) 831-9146 or J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attention: Prospectus Department, Telephone: (866) 803-9204.