Key Developments: Rex Energy Corp (REXX.OQ)
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Latest Key Developments (Source: Significant Developments)
Rex Energy Corp Issues Q2 2013 Production Guidance; Reaffirms FY 2013 Production Guidance
Rex Energy Corp announced that for the second quarter of 2013, it expects production of 84.0-88.0 MMcfe/d and for fiscal 2013, the production is expected to be between 90.5-94.5 MMcfe/d. Full Article
Rex Energy Corp Announces Proposed $100 Million Add-On Offering Of Senior Notes
Rex Energy Corp announced that it intends to offer an additional $100 million in aggregate principal amount of 8.875% senior notes due 2020 (the Senior Notes) in a private placement, subject to market conditions. The Company originally offered and sold $250 million in aggregate principal amount of the Senior Notes on December 12, 2012. The Company intends to use the net proceeds from the offering of the additional Senior Notes to fund a portion of its 2013 capital expenditures and for general corporate purposes. Full Article
Rex Energy Corp Issues Q1 2013 Production Guidance; Reaffirms FY 2013 Production Guidance
Rex Energy Corp announced that for the first quarter of 2013, it expects production of 71.5 - 73.5 MMcfe/d and for fiscal 2013, the production is expected to be between 90.5 - 94.5 MMcfe/d. Full Article
Rex Energy Corp Announces Pricing Of $250 Million Aggregate Principal Amount Of 8.875% Senior Notes Due 2020
Rex Energy Corp announced that it has priced an offering of $250 million aggregate principal amount of its 8.875% senior notes due 2020 (the "Senior Notes") at an issue price of 99.3% of the aggregate principal amount of the Senior Notes. The offering is expected to close on December 12, 2012, subject to customary closing conditions. Rex Energy estimates that it will receive net proceeds of approximately $242.8 million, after deducting the initial purchasers' discount and estimated offering expenses. Rex Energy will use the net proceeds of this offering to repay all of the borrowings outstanding under its revolving credit facility, to repay in full, and terminate, its second lien term loan and for general corporate purposes. Full Article
Rex Energy Corp Re-Launches Proposed $250 Million Offering Of Senior Notes
Rex Energy Corp announced that it intends to re-launch its offering of $250 million in aggregate principal amount of senior notes due 2020 (the "Senior Notes") in a private placement, subject to market conditions. The Company intends to use the net proceeds from the offering of the Senior Notes to repay all of the borrowings outstanding under its revolving credit facility and to repay in full, and terminate, its second lien term loan facility. The Company will use the remaining net proceeds for general corporate purposes. Full Article
Rex Energy Corp Announces Proposed $250 Million Offering of Senior Notes
Rex Energy Corp announced that it intends to offer $250 million in aggregate principal amount of senior notes due 2020 in a private placement. The Company intends to use the net proceeds from the offering of the Senior Notes to repay all of the borrowings outstanding under its revolving credit facility and to repay in full, and terminate, its second lien term loan facility. The Company will use the remaining net proceeds for general corporate purposes. Full Article
Rex Energy Corp Issues Q4 2012 Production Guidance; Lowers FY 2012 Production Guidance
Rex Energy Corp announced that for fourth quarter of 2012, it expects production of 70-74 MMcfe/d. For fiscal 2012, it expects production of 66-69 MMcfe/d. Full Article
Rex Energy Corp Issues Q3 2012 Production Guidance; Raises FY 2012 Production Guidance
Rex Energy Corp announced that for the second quarter of 2012, it expects production to be in the range of 73-76 MMcfe/d. For fiscal 2012, it expects production to be in the range of 68-73 MMcfe/d. Full Article
Rex Energy Corp Announces New Chief Financial Officer
Rex Energy Corp announced the appointment of Michael L. Hodges as Chief Financial Officer. He will be taking over the CFO position from Tom Stabley, who has been serving as both Chief Executive Officer and Chief Financial Officer since October 2011. Full Article
Rex Energy Corp Issues Q2 2012 Production Guidance; Raises FY 2012 Production Guidance
Rex Energy Corp announced that for the second quarter of 2012, it expects production to be in the range of 61-66 MMcfe/d. For fiscal 2012, it expects production to be in the range of 67-72 MMcfe/d. Full Article

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