Parsley Energy Inc. - 2016-04-04

Description

Priced public offering of about 18.25 million Class A common shares, upsized from 16 million. Underwriters have month-long option to purchase about 2.73 million additional shares. Net proceeds will support acquisitions in the Southern Delaware and Midland Basins, capex and general corporate purposes. Morgan Stanley & Co. LLC and Raymond James & Associates Inc. are acting as joint bookrunners for the offering.

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Estimated Price
$390.6MM
Financing Type
Report Date