Rex Energy Corporation Announces Closing of Public Offering of Common Stock Jan 21, 2010 04:15PM

STATE COLLEGE, Pa., Jan. 21, 2010 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq: REXX) ("Rex Energy") announced today the closing of its underwritten public offering of 6,900,000 shares of common stock, including 900,000 shares of common stock issued upon the full exercise of the underwriters' over-allotment option, at a public offering price of $12.25 per share. The net proceeds of the offering to Rex Energy were approximately $80.2 million, after deducting underwriting discounts, commissions and estimated offering expenses. Rex Energy intends to use the net proceeds of the offering to fund a portion of its capital expenditure program for 2010 and for other general corporate purposes. Pending these uses, Rex Energy intends to use a portion of the net proceeds to fully repay outstanding borrowings under its senior credit facility, which as of December 31, 2009 totaled $23.0 million, and invest the remainder in short-term, investment grade, interest-bearing securities. Rex Energy ...


Rex Energy (REXX) Prices 6M Common Offering at $12.25/Share Jan 15, 2010 07:15AM

Rex Energy Corporation (NASDAQ: REXX) announced today that it had priced an underwritten public offering of 6.0 million shares of common stock at a public offering price of $12.25 per share. The offering is expected to close on January 21, 2010. Rex Energy has granted the ...