Athlon Energy Inc. (NYSE: ATHL) has closed its previously announced underwritten public offering by certain selling stockholders that are affiliates of Apollo Management Holdings LP of 16.1 million shares of common stock at $32.00 per share, which includes 2.1 million shares purchased from the selling stockholders named in the registration statement pursuant to the exercise of the underwriters’ option to purchase additional shares.
The offering was upsized to 14 million shares from the original offering size of 12 million shares. Athlon did not sell any shares of common stock in the offering and did not receive any proceeds therefrom.
Citigroup Global Markets Inc. and Goldman, Sachs & Co. acted as joint book-running managers for the offering. BofA Merrill Lynch, Barclays Capital Inc., RBC Capital Markets LLC, Tudor, Pickering, Holt & Co. Securities Inc., UBS Securities LLC, and Wells Fargo Securities LLC also acted as book-running managers for the offering.
Athlon Energy is an independent exploration and production company focused on the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin.