Synergy Resources Corp. - 2015-02-02
Description
Closed public offering of about 18.6 million common shares at $10.75 each. Underwriters exercised overallotment option. Net proceeds and cash on hand will fund Wattenberg acquisitions, pay down revolving credit facility debt and support working capital. Seaport Global Securities LLC is sole book-runner and co-lead manager. Johnson Rice & Co. LLC is also co-lead manager. KeyBanc Capital Markets Inc. and SunTrust Robinson Humphrey Inc. are senior co-managers. Iberia Capital Partners LLC, Roth Capital Partners LLC, Wunderlich Securities Inc., Canaccord Genuity Inc., Euro Pacific Capital Inc., GMP Securities LLC, Imperial Capital LLC and Northland Securities Inc. are also co-managers.