Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, April 26, 6:58 AM

This Slide: #513 of 620

Slide #513. Callon Petroleum Company — Preferred Stock Offering

Company:	Callon Petroleum Company (NYSE:CPE)
Date announced:	5/20/2013
Security type:	10% Series A Cumulative Preferred Stock (CPE.PRA)
Shares Offered:	1,578,948
Date of Pricing:	5/22/2013
Price Per Share:	$47.50
Preferred Stock Offering Details:	Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that it is commencing an underwritten public offering of non-convertible Series A Cumulative Preferred Stock (liquidation preference of $50.00 per share). The offering is being made on a "best efforts" basis pursuant to an effective shelf registration statement that Callon previously filed with the Securities and Exchange Commission (the "SEC"). The Company anticipates that the Series A Cumulative Preferred Stock will be listed for trading under the ticker symbol "CPE.A" on the New York Stock Exchange. - updated 5/22 - Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the pricing of an underwritten public offering of its non-convertible 10% Series A Cumulative Preferred Stock (liquidation preference $50.00 per share) (the "Series A Preferred Stock") at a public offering price of $47.50 per share. The offering consists of 1,578,948 shares of Series A Preferred Stock, and the Company estimates that gross proceeds from the offering will be $75 million before underwriting commissions and expenses. The offering is expected to settle and close on May 30, 2013, subject to customary closing conditions. The Company anticipates that the Series A Preferred Stock will be listed for trading under the ticker symbol "CPE.A" on the New York Stock Exchange. The Company estimates that the net proceeds from the offering will be approximately $70 million, after the deduction of underwriting commissions and expenses.

Callon Petroleum is an independent oil and natural gas company focused on the acquisition, exploration and development of assets in the oil plays of South and West Texas. Co.'s activities are primarily focused on horizontal development in the Midland and Delaware Basins, both of which are part of the larger Permian Basin in West Texas, as well as the Eagle Ford in South Texas.

Preferred: CPE.PRA

Open the CPE Page at Preferred Stock Channel »

Open the CPE.PRA Page at Preferred Stock Channel for More Information About this Preferred »

CPE — Key Stats (updated Thursday, March 28, 10:26 AM)

Name:
Callon Petroleum Co. (DE)
Website:
www.callon.com
Sector:
Oil & Gas Exploration & Production
Number of ETFs Holding CPE:
9 (see which ones)
Total Market Value Held by ETFs:
$171,253,424
Total Market Capitalization:
$2,279,000,000
% of Market Cap. Held by ETFs:
7.51%