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Rosetta Resources Inc Announces Pricing Of Public Offering Of Common Stock


Thursday, 18 Apr 2013 08:55am EDT 

Rosetta Resources Inc announced that it has priced an underwritten public offering of 7,000,000 shares of the Company's common stock at $42.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock. The Company intends to use the net proceeds from this offering to fund a portion of the consideration for its previously announced acquisition of oil and natural gas assets in the Permian Basin from Comstock Resources, Inc. (the Acquisition) and to repay amounts outstanding under the Company's revolving credit facility. Any remaining net proceeds will be used for general corporate purposes. The sale of common stock is expected to settle on April 23, 2013. Credit Suisse and BofA Merrill Lynch are acting as joint book-running managers of the offering. 

Company Quote

53.12
0.02 +0.04%
4:00pm EDT