Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, May 20, 10:05 PM

Slide #389. Rex Energy Corporation Preferred Stock Offering

Company: Rex Energy Corporation (REXX)
Date announced: 8/12/2014
Shares Offered: 1,400,000
Date of Pricing: 8/13/2014
Price Per Share: $100
Preferred Stock Offering Details: Rex Energy Corporation ("Rex Energy") (Nasdaq:REXX) announced that it intends to offer, subject to market conditions, 1.25 million depositary shares, each representing a 1/100th interest in a share of convertible perpetual preferred stock, Series A ( the " Series A Convertible Preferred Stock") with a liquidation preference of $10,000 per preferred share. The offering is being made pursuant to an effective registration statement that Rex Energy filed with the Securities and Exchange Commission (the "SEC"). The company intends to grant the underwriters a 30-day option to purchase up to 187,500 additional depositary shares to cover overallotments, if any. Final terms of the offering of the Series A Convertible Preferred Stock, including but not limited to, offering price, conversion price and dividend rate, will be determined at the time of pricing. Rex Energy intends to use the net proceeds from the offering to fund its Appalachian Basin acreage acquisition from SWEPI, LP, an affiliate of Royal Dutch Shell plc, and the remainder to fund our capital expenditures program and for general corporate purposes. - updated 8/13 Rex Energy Corporation ("Rex Energy") (Nasdaq:REXX) today announced that it has priced its registered offering of 1.4 million depositary shares, each representing a 1/100th interest in a share of 6.0% convertible perpetual preferred stock, Series A, with a liquidation preference of $10,000 per share (the "Series A Convertible Preferred Stock"). The offering is expected to close on August 18, 2014, subject to the satisfaction of customary closing conditions. Rex Energy has granted a 30-day option to purchase up to 210,000 additional depositary shares to cover over-allotments, if any.

Rex Energy is an independent condensate, natural gas liquids and natural gas company operating in the Appalachian Basin. Co. is focused on drilling and exploration activities in the Marcellus Shale, Utica Shale and Upper Devonian Shale. As of Dec 31 2016, Co. had total estimated proved reserves of 647.78 billion cubic feet equivalent, consisting of 56.8% of natural gas, 41.5% of natural gas liquids and 1.7% of condensate, all of which were proved developed.
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Rex Energy Corp
Oil & Gas Exploration & Production

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