Columbia Pipeline Group, Inc. announced the upsizing and pricing of its previously announced underwritten public offering.   Due to strong demand, the size of the offering has been increased from the previously announced 51 million shares of common stock to 71.5 million shares of its common stock at a price of $17.50 per share.  In connection with this offering, CPG granted the underwriters a 30-day option to purchase up to 10.725 million additional shares of its common stock.  The offering is expected to close on December 7, 2015, subject to certain closing conditions.

Total proceeds will be $1,251,250,000.

CPG plans to use the net proceeds from this offering, together with cash flow from operations and available borrowings under its revolving credit facilities, to fully fund, directly or indirectly, the 2016 cash capital expenditure requirements of itself and its subsidiaries, which may include making investments in, or other funding arrangements with, Columbia Pipeline Partners LP. Pending such use, the net proceeds from this offering will be used to repay in full amounts outstanding under CPG's revolving credit facility and outstanding amounts under CPG's commercial paper program with the remainder to be held as cash or invested in short term securities, or a combination of both.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Barclays, Citigroup, J.P. Morgan, and Wells Fargo Securities are acting as joint book-running managers for this offering.