•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    RSP Permian prices common stock offering

    RSP Permian Inc.

    RSP Permian Inc. (NYSE: RSPP) has priced an underwritten public offering of 10,000,000 shares of its common stock at $25.65 per share. The company is selling 4,166,667 shares of its common stock, and the selling stockholders named in the registration statement are selling 5,833,333 shares of the company's common stock.

    RSP Permian and certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of the company's common stock from the company and such selling stockholders, pro rata, if the underwriters sell more than 10,000,000 shares of the company's common stock to cover overallotments. The offering is expected to close on Aug. 12.

    The company intends to use the net proceeds of $102.3 million from this offering to repay amounts drawn under its revolving credit facility. It may at any time reborrow amounts repaid under its revolving credit facility, and expects to do so to fund a portion of several pending acquisitions in Glasscock County, Texas. 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 are acting as joint book-running managers for this offering. 

     

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    LINN Energy closes sale of Granite Wash, Cleveland properties

    12/16/2014 LINN Energy LLC and LinnCo LLC noted December 15 the closing of the previously announced sale of LINN’s entire position in the Granite Wash and Cleveland plays to affiliates of EnerVest Ltd. and Fo...

    Wood Group acquires Swaggart Brothers

    12/15/2014 Wood Group has acquired Swaggart Brothers – an Oregon-based provider of civil construction and fabrication services to the US oil and gas, industrial, and agricultural sectors – for an initial cons...

    Thigpen, Recapture Solutions, FLPS merge to form TRF Energy Solutions

    12/10/2014 Thigpen Energy, Recapture Solutions, and Flex Leasing Power and Service have merged to become TRF Energy Solutions, which offers a comprehensive suite of natural gas solutions including remote powe...

    Aqua Terra acquires Permian saltwater disposal facilities

    12/09/2014

    Aqua Terra Water Management LP has acquired three saltwater disposal facilities operated by Superior Disposal Services LLC. Terms of the acquisition were not disclosed.

    FTSI completes acquisition of J-W Wireline

    12/09/2014 FTS International (FTSI) has completed the acquisition of substantially all the assets of J-W Wireline Co., increasing FTSI’s wireline capacity more than tenfold and extends wireline service to all...

    More Oil & Gas Financial Articles

    LINN Energy closes sale of Granite Wash, Cleveland properties

    Tue, Dec 16, 2014

    LINN Energy LLC and LinnCo LLC noted December 15 the closing of the previously announced sale of LINN’s entire position in the Granite Wash and Cleveland plays to affiliates of EnerVest Ltd. and FourPoint Energy LLC for $1.95 billion.  

    Wood Group acquires Swaggart Brothers

    Mon, Dec 15, 2014

    Wood Group has acquired Swaggart Brothers – an Oregon-based provider of civil construction and fabrication services to the US oil and gas, industrial, and agricultural sectors – for an initial consideration of $36.3 million with a further payment in 2017 based on future performance.

    Thigpen, Recapture Solutions, FLPS merge to form TRF Energy Solutions

    Wed, Dec 10, 2014

    Thigpen Energy, Recapture Solutions, and Flex Leasing Power and Service have merged to become TRF Energy Solutions, which offers a comprehensive suite of natural gas solutions including remote power, natural gas fueling, and flare reduction to customers across the continental US.

    Aqua Terra acquires Permian saltwater disposal facilities

    Tue, Dec 9, 2014

    Aqua Terra Water Management LP has acquired three saltwater disposal facilities operated by Superior Disposal Services LLC. Terms of the acquisition were not disclosed.

    FTSI completes acquisition of J-W Wireline

    Tue, Dec 9, 2014

    FTS International (FTSI) has completed the acquisition of substantially all the assets of J-W Wireline Co., increasing FTSI’s wireline capacity more than tenfold and extends wireline service to all locations where the company currently offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica, and Haynesville shale plays; and various mid-continent plays.

    Most Popular

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ