BRIEF-HNA Group reports 25 pct stake in Park Hotels & Resorts
* HNA Group Co Ltd reports 25 percent stake in Park Hotels & Resorts Inc as of March 15, 2017 - SEC filing Source: (http://bit.ly/2oevTFJ) Further company coverage:
April 11 Parsley Energy Inc made public its plan to raise up to $400 million in an initial public offering of Class A common stock.
The oil and natural gas company filed confidentially with U.S regulators for the proposed IPO in December.
Credit Suisse, Goldman Sachs & Co, J.P. Morgan and Wells Fargo Securities were the lead underwriters, Parsley Energy told the U.S. Securities and Exchange Commission in a preliminary prospectus on Friday. (r.reuters.com/taz48v)
Parsley Energy said it intended to list on the New York Stock Exchange under the symbol "PE."
The company acquires and develops unconventional oil and natural gas reserves in the Permian Basin in West Texas and Southeastern New Mexico.
The filing did not reveal how many shares the company planned to sell or their expected price.
Texas-based Parsley Energy, which is backed by NGP X US Holdings LP and Diamond K Interests LP, said it would use the proceeds from the offering to reduce debt and for general corporate purposes.
The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The final size of the IPO could be different. (Reporting by Avik Das in Bangalore; Editing by Simon Jennings)
* HNA Group Co Ltd reports 25 percent stake in Hilton Worldwide Holdings Inc as of March 15 - SEC filing