Goodrich Petroleum Corp. (NYSE: GDP) priced its public offering of 6 million shares of common stock at $25.25 per share.
The company granted the underwriters a 30-day option to purchase up to an additional 900,000 shares to cover over-allotments. The offering is expected to settle and close on Oct. 21, subject to customary closing conditions.
The company estimates that the net proceeds from the offering will be $144.2 million, after deducting underwriting commissions and expenses, or $165.9 million if the underwriters exercise their over-allotment option in full.
Net proceeds will ...