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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Oct. 13, 5:19 PM

Slide #6. RSP Permian, Inc. Secondary Offering

Company: RSP Permian, Inc. (NYSE:RSPP)
Date announced: 10/7/2015
Shares Offered: 7,600,000
Date of Pricing: 10/7/2015
Price Per Share: $25.50
Secondary Offering Details: RSP Permian, Inc. ("RSP" or the "Company") (NYSE: RSPP) today announced the commencement of an underwritten public offering of 6,000,000 shares of its common stock. The Company has granted the underwriter a 30-day option to purchase up to an additional 900,000 shares of the Company's common stock. -updated 10/7- RSP Permian, Inc. ("RSP" or the "Company") (NYSE: RSPP) today announced that it has priced an underwritten public offering of 7,600,000 shares of its common stock at $25.50 per share. The offering was upsized to 7,600,000 shares of common stock from the original offering size of 6,000,000 shares of common stock. The Company has granted the underwriter a 30-day option to purchase up to 1,140,000 additional shares of the Company's common stock. Total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) will be approximately $193.8 million to the Company. The offering is expected to close on October 13, 2015, subject to customary closing conditions.

RSP Permian is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and natural gas reserves in the Permian Basin of West Texas. The majority of Co.'s acreage is located on contiguous acreage blocks in the core of Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glasscock. As of Dec 31 2014, Co. had total proved reserves of 106.4 million barrels of oil equivalent, consisting of 69.3 million barrels of oil, 92.42 billion cubic feet of natural gas, and 21.7 million barrels of natural gas liquids.
Open the RSPP Page at The Online Investor »

Company Name:  RSP Permian Inc.
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding RSPP:  16
Total Market Value Held by ETFs:  $74.85M
Total Market Capitalization:  $2.24B
% of Market Cap. Held by ETFs:  3.34%

Open the RSPP Page at The Online Investor (in a new window) »

October 13, 2015    5:19 PM Eastern
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Buy (3.19 out of 4)
52nd percentile
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