SilverBow Resources (SBOW) Prices Upsized 2.2M Share Secondary Offering

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Go back to SilverBow Resources (SBOW) Prices Upsized 2.2M Share Secondary Offering

SilverBow Resources Announces Upsize and Pricing of Secondary Offering of Common Stock

December 12, 2023 12:05 AM EST

HOUSTON--(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today announced the upsize and pricing of a previously announced underwritten public offering of its common stock (the Offering) by an affiliate of Strategic Value Partners, LLC (the Selling Stockholder). The size of the Offering increased from the previously announced 1,700,000 shares to an aggregate of 2,200,000 shares of common stock held by the Selling Stockholder. The Selling Stockholder has also granted to the underwriters a 30-day option to purchase up to an additional 330,000 shares.

The Offering consists entirely of secondary shares to be sold by... More