Cobalt (CIE) Prices 40M Secondary; Will Offer 6M Shares to Underwriters

January 16, 2013 7:38 AM EST
Cobalt International Energy, Inc. (NYSE: CIE) announced the pricing of a previously announced registered underwritten public offering of 40,000,000 shares of its common stock, all of which will be sold by selling stockholders. The underwriters of this offering have been granted an option, exercisable within 30 days, to purchase up to an additional 6,000,000 shares of common stock from certain of the selling stockholders on the same terms and conditions. Cobalt will not receive any of the proceeds from the sale of the shares of common stock.

Cobalt expects the offering to close on January 18, 2013, subject to satisfaction of customary closing conditions.

Morgan Stanley & Co. LLC and Citigroup are acting as the underwriters of the offering.

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