RSP Permian (RSPP) Prices Larger 22M Share Common Stock Offering for Proceeds of ~$875M
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RSP Permian, Inc. Prices Upsized Public Offering of Common Stock
October 13, 2016 7:34 PM EDTDALLAS, Oct. 13, 2016 /PRNewswire/ -- RSP Permian, Inc. ("RSP" or the "Company") (NYSE: RSPP) today announced that it has priced an underwritten public offering of 22,000,000 shares of its common stock at $39.75 per share. The offering was upsized to 22,000,000 shares of common stock from the original offering size of 20,000,000 shares of common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of the Company's common stock. Total gross proceeds (before the underwriters' discounts and commissions and estimated offering expenses) will be approximately $874.5 million to the... More
RSP Permian, Inc. Announces Public Offering of Common Stock
October 13, 2016 4:17 PM EDTDALLAS, Oct. 13, 2016 /PRNewswire/ -- RSP Permian, Inc. ("RSP" or the "Company") (NYSE: RSPP) today announced the commencement of an underwritten public offering of 20,000,000 shares of its common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of the Company's common stock. The Company intends to use the net proceeds from this offering to fund a portion of the previously announced acquisition of Silver Hill Energy Partners, LLC and Silver Hill E&P II, LLC (the "Acquisition"). The offering is not conditioned on the... More
