Callon Petroleum Co. - 2016-03-03


Priced an upsized public offering of about 13.2 million common shares. Net proceeds will repay outstanding amounts under Callon's senior secured revolving credit facility, which were used in part to finance recent acquisitions. Any remaining proceeds will support general corporate purposes, including future potential acquisitions primarily in the Permian Basin. Underwriters will have month-long option to purchase about 1.9 million additional shares. Credit Suisse and J.P. Morgan are joint book-running managers.

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