Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, April 25, 12:38 PM
This Slide: #298 of 620 |
Slide #298. Resolute Energy Corporation — Preferred Stock Offering
Company:
Resolute Energy Corporation (REN)
Date announced:
10/4/2016
Shares Offered:
55,000
Date of Pricing:
10/4/2016
Price Per Share:
$1,000
Preferred Stock Offering Details:
Resolute Energy Corporation (NYSE: REN) (the "Company" or "Resolute") today announced that it has priced a private offering of 55,000 shares of 8 1/8% Series B Cumulative Perpetual Convertible Preferred Stock of the Company ("convertible preferred stock"), having an initial offering price and liquidation preference of $1,000 per share. The Company has granted the initial purchaser a 30-day option to purchase up to an additional 7,500 shares of convertible preferred stock. The closing of the offering is expected to occur on October 7, 2016 and is subject to the satisfaction of customary closing conditions.
Resolute Energy is an independent oil and gas company engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. Co.'s operating assets are comprised of properties in the Delaware Basin in west Texas.
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Hold (2.00 out of 4) 98th percentile
(ranked higher than approx. 98% of all stocks covered)
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