RSP Permian to launch $350M notes offering

RSP Permian Inc. (NYSE: RSPP) intends to offer $350 million aggregate principal amount of senior unsecured notes due 2025 in a private placement to eligible purchasers, subject to market conditions.

The company intends to use the net proceeds of the offering to partially fund its proposed acquisition of Silver Hill E&P II LLC, pursuant to the Membership Interest Purchase and Sale Agreement dated October 13, 2016, by and among the company, RSP Permian LLC, a wholly owned subsidiary of the company, SHEP II and Silver Hill Energy Partners II LLC, the parent entity of SHEP II.

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