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RSP Permian Prices $193.8MM Offering to Fund Latest Deal

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RSP Permian Prices $193.8MM Offering to Fund Latest Deal

RSP Permian, Inc. has priced an underwritten public offering of 7,600,000 shares of its common stock at $25.50 per share.  The offering was upsized to 7,600,000 shares of common stock from the original offering size of 6,000,000 shares of common stock.  The Company has granted the underwriter a 30-day option to purchase up to 1,140,000 additional shares of the Company's common stock. Total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) will be approximately $193.8 million to the Company.  The offering is expected to close on October 13, 2015, subject to customary closing conditions.

As separately announced, the Company has recently signed a letter of intent to potentially acquire undeveloped acreage and oil and gas producing properties…

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