Rice Energy Inc. - 2015-12-22


Company’s private family trust, Rice Energy Irrevocable Trust, opened a block sale of 5 million common shares to pay down credit extended to the trust by Morgan Stanley Private Bank NA. Two loans in a line of credit were taken from the bank to pay taxes and expenses and must be repaid in full through the sale and retired. A financial assets security agreement was also entered. The trust pledged about 6.7 million common shares as a security.

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