Berry Petroleum Co.
Launched an IPO of its common stock pursuant to a registration statement on Form S-1 previously filed with the SEC. The offering consists of more than 12 million shares of common stock being offered by Berry and 6.5 million shares of common stock being offered by the selling stockholders named in the registration statement. Berry intends to use a portion of the proceeds it receives from the offering to purchase an aggregate of up to 4,198,013 shares of its common stock owned by funds affiliated with Benefit Street Partners and Oaktree Capital Management. After giving effect to this offering and the share repurchase, the number of shares of common stock outstanding will increase by 8 million.