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    RSP Permian closes public offering

    RSP Permian Inc.

    RSP Permian Inc. (NYSE: RSPP) has completed an underwritten public offering by the company and certain of its stockholders of 11,500,000 shares of its common stock at a price to the public of $25.65 per share.

    The 11,500,000 shares sold to the underwriters included 1,500,000 shares of RSP's common stock sold to the underwriters pursuant to the underwriters' 30-day option to purchase additional shares of common stock from the company and the selling stockholders, pro rata, which option was exercised by the underwriters in full on Aug. 8. The company sold 4,791,667 shares of its common stock, and the selling stockholders sold 6,708,333 shares of the company's common stock.  

    Net proceeds received by the company from the sale of 4,791,667 shares of its common stock were $117.8 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the company.

    RSP Permian intends to use the net proceeds to repay amounts drawn under its revolving credit facility. The company will not receive any of the proceeds from the sale of shares of its common stock by the selling stockholders.

    Barclays, RBC Capital Markets, Raymond James, Tudor, Pickering, Holt & Co., and UBS Investment Bank acted as joint book-running managers for this offering. 

     

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