Parsley Energy Announces Public Offering of Class A Common Stock

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Go back to Parsley Energy Announces Public Offering of Class A Common Stock

Parsley Energy (PE) Prices Larger 8.25M Share Common Stock Offering for Proceeds of $203M

May 24, 2016 9:09 AM EDT

Parsley Energy, Inc. (NYSE: PE) announced that it has priced an underwritten, upsized public offering of 8,250,000 shares of Class A common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $203.0 million (the "Equity Offering"). The 8,250,000 share offering represents a 250,000 share upsize to the originally proposed 8,000,000 share offering. The underwriters have an option for 30 days to purchase up to an additional 1,237,500 shares of Class A common stock from the Company. The Equity Offering is expected to close on May 27, 2016, subject to customary closing conditions.

Concurrently with the Equity Offering,... More