Synergy Resources Corp. (NYSE MKT: SYRG) has announced the launch of an underwritten public offering of $150 million of its common stock, subject to market and other conditions. The underwriters will have an option to purchase up to an additional $22.5 million of common stock from the company. All of the shares to be sold in this offering will be sold by the company.
Synergy intends to use the net proceeds from the offering, along with cash on hand, to fund additional asset acquisitions in Wattenberg Field which may become available from time to time, to pay down outstanding indebtedness under its revolving credit facility and for corporate purposes, including working capital.
Seaport Global Securities LLC is acting as book-running manager/co-lead of the offering and Johnson Rice & Company L.L.C. is acting as co-lead manager.
The company is based in Platteville, Colo.
Recommended Reading
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
enCore Energy Appoints Robert Willette as Chief Legal Officer
2024-02-01 - enCore Energy’s new chief legal officer Robert Willette has over 29 years of corporate legal experience.
Nebula Energy Buys Majority Stake in AG&P LNG
2024-01-31 - AG&P will now operate as an independent subsidiary of Nebula Energy with key offices in UAE, Singapore, India, Vietnam and Indonesia.
SunPower Begins Search for New CEO
2024-02-27 - Former CEO Peter Faricy departed SunPower Corp. on Feb. 26, according to the company.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.