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Cobalt International Energy Inc Announces Secondary Public Offering Of Common Stock


Tuesday, 7 May 2013 05:07pm EDT 

Cobalt International Energy Inc announced that it has commenced a registered underwritten public offering of 50,000,000 shares of its common stock, all of which will be offered by selling stockholders that are affiliates of First Reserve, Goldman, Sachs & Co., Riverstone Holdings LLC, The Carlyle Group, and KERN Partners Ltd. The underwriter of this offering has been granted an option, exercisable within 30 days, to purchase up to an additional 7,500,000 shares of common stock from the selling stockholders on the same terms and conditions. Cobalt will not receive any of the proceeds from the sale of the shares of common stock. Citigroup is acting as the underwriter of the offering. 

Company Quote

11.22
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23 Oct 2014