S&P Assigns 'B' Rating to Callon Petroleum (CPE); Outlook is Stable
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Callon Petroleum Company Announces Closing of Common Stock Offering and Full Exercise of Option to Purchase Additional Shares
September 12, 2016 4:05 PM EDTNATCHEZ, Miss., Sept. 12, 2016 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the closing of its previously announced underwritten public offering of 29,900,000 shares of its common stock, including 3,900,000 shares sold to the underwriters pursuant to their option to purchase additional shares, which the underwriters exercised on September 7, 2016. Following this issuance, Callon now has 161,036,233 shares of common stock issued and outstanding. Total net proceeds of the offering, after underwriters' discounts and commissions and estimated offering expenses, will be approximately $422.1 million. Proceeds from the offering are expected to... More
