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.

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