QEP Resources Announces Offering of Common Stock
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QEP Resources (QEP) Prices 20M Share Common Stock Offering for Proceeds of ~$367M
June 22, 2016 6:20 AM EDTQEP Resources, Inc. (NYSE: QEP) announced that it has priced its previously announced underwritten public offering of 20,000,000 shares of its common stock. QEP has granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of common stock. QEP expects to receive total gross proceeds (before underwriting discounts and estimated offering expenses) of approximately $367.0 million, or approximately $422.1 million if the underwriters exercise their option to purchase additional shares of common stock in full.
The net proceeds from this offering are expected to be used to partially fund QEPs recently announced... More
