Parsley Energy prices Class A common stock offering

Parsley Energy Inc. (NYSE: PE) has priced a public offering of 13,000,000 shares of Class A common stock for total gross proceeds (before underwriters’ fees and estimated expenses) of $195 million. The underwriters have an option for 30 days to purchase up to an additional 1,950,000 shares of Class A common stock from the company.

Net proceeds from the offering are expected to be used to repay borrowings outstanding under the company’s revolving credit facility and to fund a portion of its capital program, which may include acquisitions. The offering is expected to close on Sept. 23.

Goldman, Sachs & Co. is acting as a book-running manager for the offering.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...