ROCKPOINT GAS STORAGE INC. ANNOUNCES CLOSING OF BOUGHT DEAL SECONDARY OFFERING AND EXERCISE OF OVER-ALLOTMENT OPTION IN FULL

/Not for distribution to U.S. newswire services or dissemination in the United States./CALGARY, AB, Feb. 23, 2026 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces the closing of the previously announced secondary offering (the "Offering") of class "A" common shares of the Company (the "Class A Shares") by BIF II CalGas Carry (Delaware) LLC, BIP BIF II U.S. Holdings (Delaware) LLC, Swan Equity Carry LP and BIP BIF II Swan AIV LP (collectively, the "Selling Shareholders"), which are affiliates of Brookfield Asset Management Private Institutional Capital Adviser (Canada), L.P. ("Brookfield"). Pursuant to the Offering, the Selling Shareholders sold an aggregate of 16,400,000 Class A Shares, inclusive of the Class A Shares sold pursuant to the exercise in full of the over-allotment option granted to the underwriters. The Class A Shares were sold at a price of C$28.00 per Class A Share, for total gross proceeds to the Selling Shareholders of approximately C$459 million. The Company will not receive any proceeds from the Offering.The Offering was completed, on a bought deal basis, pursuant to an underwriting agreement dated effective February 17, 2026 among the Company, the Selling Shareholders and a syndicate of underwriters led by RBC Capital Markets and J.P. Morgan, as joint lead bookrunners, along with BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., Wells Fargo Securities, ATB Cormark Capital Markets, Desjardins Capital Markets and Peters & Co. Limited.The sale of Class A Shares pursuant to the Offering expands Rockpoint's market float and enhances trading liquidity for all Rockpoint shareholders, while allowing Brookfield to retain majority ownership of Rockpoint (on a diluted basis), reflecting Brookfield's strong positive conviction in the Company's outlook.Following the Offering, an affiliate of Brookfield holds 60% of the votes attached to the 133,000,000 total outstanding shares of the Company.The Class A Shares were offered by way of a prospectus supplement dated February 18, 2026 to the final ...Full story available on Benzinga.com