•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    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. 

     

    Most Popular

    Related Articles

    ENERGY PLAYERS

    06/09/2015

    INDUSTRY BRIEFS

    06/09/2015

    Contract errors can be costly

    06/09/2015

    Lease and contract mistakes threaten profits in oil and gas acquisitions and divestitures

    King's X in Mexico's Round One

    06/09/2015

    The new hydrocarbons law contains language that allows the Mexican government to nullify contracts and worse

    Oil and gas in Egypt

    06/09/2015

    North African Nation still a destination for global investment

    Financing new E&P technology

    06/09/2015

    A prudent cash flow management system is essential for entrepreneurial success

    More Oil & Gas Financial Articles

    ENERGY PLAYERS

    Tue, Jun 9, 2015

    INDUSTRY BRIEFS

    Tue, Jun 9, 2015

    Contract errors can be costly

    Tue, Jun 9, 2015

    Lease and contract mistakes threaten profits in oil and gas acquisitions and divestitures

    King's X in Mexico's Round One

    Tue, Jun 9, 2015

    The new hydrocarbons law contains language that allows the Mexican government to nullify contracts and worse

    Oil and gas in Egypt

    Tue, Jun 9, 2015

    North African Nation still a destination for global investment

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ