News Column

Rice Energy Prices Upsized Public Offering of Common Stock

August 29, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Rice Energy Inc. (the "Company") announced the pricing of its upsized underwritten public offering of 11,938,826 shares of its common stock at $27.30 per share. The Company is offering 7,500,000 shares of its common stock, and the selling stockholders named in the registration statement are offering 4,438,826 shares of the Company's common stock. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,790,824 shares of the Company's common stock from such selling stockholders if the underwriters sell more than 11,938,826 shares of the Company's common stock. The offering is expected to close on August 19, 2014, subject to customary closing conditions.

The Company intends to use the net proceeds of approximately $196.3 million to fund a portion of its 2014 capital budget. The Company will not receive any of the proceeds from the sale of shares of the Company's common stock by the selling stockholders.

Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers of the offering.

Keywords for this news article include: Rice Energy Inc.

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Source: Energy Weekly News


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