Parsley Energy Inc. (NYSE: PE) will sell about 14.9 million Class A common shares in a private placement, the company said Feb. 6.
Net proceeds should total about $224 million, the company added. They will repay revolving credit facility borrowings and support general corporate purposes.
Credit Suisse is the placement agent. Tudor, Pickering, Holt & Co. is a financial adviser.
Austin, Texas-based Parsley Energy Inc. acquires and develops oil and natural gas reserves in the West Texas Permian Basin.
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