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Synergy Finalizes $251.8MM Offering to Fund Wattenberg Deal
Synergy Resources Corporation reported that it has closed its previously announced underwritten public offering of 45,000,000 shares of its common stock.
The total net proceeds from the offering were approximately $251.8 million (after deducting underwriters' compensation and estimated expenses). Credit Suisse acted as lead book-running manager for the offering. BofA Merrill Lynch, Citigroup, KeyBanc Capital Markets and SunTrust Robinson Humphrey also acted as book-running managers for the offering.
The Company intends to use the net proceeds from the offering to finance a portion of the Company's contemplated acquisition of additional assets in the Wattenberg Field in Colorado. If the contemplated acquisition is not completed for any reason, the Company intends to use the net proceeds from this offering for general corporate purposes, which may include continuing to develop its acreage position in the Wattenberg Field, funding a portion of its capital expenditure program or other uses.
/Book Runner
CEO
Platteville ,Colorado ,80651
970-737-1073
VP of Capital Markets and Investor Relations
Platteville ,Colorado ,80651
303-520-7479
CFO
Platteville ,Colorado ,80651
970-737-1073
V.P
Platteville ,Colorado ,80651
970-737-1073
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|---|---|---|---|---|
| 2021-02-12 | US Energy Corp. Launches $5.0MM Stock Offering | US Energy Corp. | 5 | Equity-Stock-Sales |
| 2021-01-25 | Enerplus Inks $115MM Bought-Deal Financing | Enerplus Corp | 115 | Equity-Stock-Sales |
| 2016-04-11 | Synergy Prices $150MM Offering for Wattenberg Development | SRC Energy Inc | 150 | Equity-Stock-Sales |
| 2016-03-11 | PDC Wraps Up $296.8 Million Public Offering | PDC Energy, Inc. | 296.8 | Equity-Stock-Sales |