Text Size:
A | A

Rex Energy Upsizes, Prices Notes Offer

Text Size: A | A
 
July 15, 2014

Rex Energy Corp. (NASDAQ: REXX) upsized and priced its offer of 6.25% senior notes due 2022, the company said July 14.

The offer was upsized to $325 million from $250 million, and is expected to generate $318.8 million in net proceeds, Rex said.

The offer is scheduled to close July 17, the company noted.

The net proceeds will repay all outstanding revolving credit facility borrowings , and also support general corporate purposes.

State College, Pa.-based Rex Energy Corp. explores and produces oil and natural gas in the Illinois and Appalachian ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription