Mariner Energy (ME) Sells 10M Shares at $14.50/Share
More News related to ME
- Moneta completes $4.2 million non-brokered private placement
- Mariner Energy Announces Participation in Upcoming Conferences
- Mariner Energy to Present at Credit Suisse Conference in Houston
- Mariner Energy Elects New Director to Its Board
- Mariner Energy (ME) Posts Q3 EPS of 4c, Misses Views
More News related to Equity Offerings
- JANCO Partners Downgrades Energy Conversion Devices (ENER) to Sell
- Feltl & Co. Downgrades ArcSight (ARST) to Sell
- Credit Suisse Downgrades Comcast (CMCSA) to Neutral
- Citi Downgrades AK Steel (AKS) to Hold
- Citi Downgrades Netflix (NFLX) to Hold
Mariner Energy, Inc. (NYSE: ME) agreed to sell 10 million shares of common stock at a public offering price of $14.50 per share.
Mariner Energy closed at $14.65 yesterday.
Mariner also has agreed to sell $300 million in aggregate principal amount of its 11.75% senior notes due 2016 concurrently with the sale of common stock, an increase of $50 million from the amount previously announced.
Mariner expects to use net proceeds from the sales of common stock and senior notes to repay debt under its secured bank credit facility.
Related Categories
Equity OfferingsStocks Mentioned
+0.07Sign 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!
