Vine Energy Inc.

Description

Launched an IPO of about 18.8 million shares of its Class A common stock at an anticipated price between $16 and $19 per share. Underwriters have been granted a 30-day option to purchase roughly up to an additional 2.8 million shares of stock at the IPO price, less underwriting discounts and commissions. Proceeds will be used to repay in full and terminate certain existing credit facilities of its subsidiaries, with any remaining net proceeds to be used for general corporate purposes. Citigroup, Credit Suisse, Morgan Stanley, Barclays, BofA Securities and RBC Capital Markets are joint book-running managers.

Over-allotment option, fully exercised by the underwriters to purchase about an additional 3.2 million shares of Class A common stock at the IPO price, closed March 24, 2021.

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Companies
Estimated Price
$356.3MM
Financing Type
Report Date