Sanchez Energy Corp. (NYSE: SN) opened a public offering of 5 million common shares, the company said June 11.
Net proceeds will partially fund the pending Catarina acquisition, the company said. They might also support general corporate purposes including working capital and the payment of credit facility borrowings, Sanchez added.
A monthlong option to purchase up to 750,000 additional shares was granted to underwriters, Sanchez said.
Johnson Rice & Co. LLC, RBC Capital Markets LLC and Credit Suisse Securities (USA) LLC are joint book-running managers, the company said.
Houston-based Sanchez ...