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RSP Permian Upsizes Latest Note Offering by $50MM

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   |    Tuesday,September 23,2014

RSP Permian, Inc. announced the pricing of its private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended, of $500 million aggregate principal amount of 6.625% senior unsecured notes due 2022 at par.

This represents an increase of $50 million over the aggregate principal amount previously announced. The private placement is expected to close on September 26, 2014, subject to market and other customary closing conditions.

The Company intends to use the net proceeds of approximately $488.6 million to repay amounts drawn under its revolving credit facility and the balance for general corporate purposes. The Notes will be guaranteed on a senior unsecured basis by the Company's only existing subsidiary, RSP Permian, L.L.C., and certain future subsidiaries.



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