Brigham Exploration (BEXP) Prices 32M Shares At $2.75 A Share
Brigham Exploration Company (Nasdaq: BEXP) announced it has priced its offering of 32,000,000 common shares at a public offering price of $2.75 per common share. Brigham intends to use the proceeds from the offering (net of underwriting discounts and expenses) to fund its revised capital expenditure program for 2009, including restarting its operated Bakken and Three Forks drilling program in the Williston Basin, and to repay $35 million of the outstanding borrowings under its senior credit facility. The offering is scheduled to close May 26, 2009.
You May Also Be Interested In
- New York Mortgage Trust (NYMT) Prices 2.75M Offering at $6.65/Share
- Heritage Oaks Bancorp (HEOP) pays deferred interest on TARP preferreds
- Apple's (AAPL) New iPad Shows Rapid Adoption in U.S.
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsRelated Entities
Bakken FormationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
