Ring Energy Inc. (NYSE MKT: REI) issued 2 million restricted common shares in a private offering for about $30 million in gross proceeds, the company said June 17.
The shares were priced at $15 each, and the offer is scheduled to close June 17, the company said.
SunTrust Robinson Humphrey was the lead placement agent, and Global Hunter Securities LLC was co-placement agent, Ring said.
Additionally, Ring Energy established a new senior secured revolving credit facility after entering an agreement, the company said. The new five-year facility’s maximum borrowing amount ...