Rex Energy (REXX) Completes 8.05 Million Share Offering
Up)
Rex Energy (Nasdaq: REXX) closes its previously announced underwritten public offering of 8,050,000 shares of common stock, including the full exercise of the underwriters' over-allotment option of 1,050,000 shares. All shares were sold at a price of $9.25 per share.
The net proceeds of the offering to Rex Energy will be approximately $70.6 million, after deducting underwriting discounts, commissions and estimated offering expenses. Rex Energy intends to use the net proceeds of the offering to repay borrowings under its senior credit facility.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
The net proceeds of the offering to Rex Energy will be approximately $70.6 million, after deducting underwriting discounts, commissions and estimated offering expenses. Rex Energy intends to use the net proceeds of the offering to repay borrowings under its senior credit facility.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Rex Energy Announces New Chief Financial Officer and Chief Accounting Officer
- Alexion Pharmaceuticals (ALXN) To Offer 5M Shares
- BMO Capital Upgrades REX Energy (REXX) to Outperform
Create E-mail Alert Related Categories
Equity OfferingsSign 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!
