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Eclipse Looks To 2016; On the Hunt for Cash; $650 Million Offering

Eclipse Resources Corporation reported that, subject to market conditions, it intends to offer $650 million in aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.

The Company intends to use a portion of the net proceeds of the offering to finance the redemption of its outstanding 12.0% senior unsecured PIK notes due 2018. The Company intends to use the remaining net proceeds to fund the Company's capital expenditure plan and for general corporate purposes.

As you might remember, the company raised $434 million in a private placement where it sold 62.5 million shares at $7.04 per share.  The company pointed out then that the capital will be used for capital expenditure.  More here

2015 Capital Budget

Liquidity & Hedging

 

Source : Eclipse May 2015 Investor Presentation

 

Announced Date
June 12,2015
Value  ( $MM )
650
Type
Equity-Stock-Sales
Use of Fund
General Purpose
Company
Eclipse Resources Corp.
Regions
United States
Country
United States
Play
Marcellus Shale,Utica Shale

Contacts
Eclipse Resources Corp.
Benjamin Hulburt
 Chairman, President and Chief Executive Officer
 State College ,Pennsylvania ,16803
 866.590.2568

Christopher Hulburt
 Director, Executive Vice President, Secretary and General Counsel
 State College ,Pennsylvania ,16803
 866.590.2568

Christopher Hulburt
 Director, Executive Vice President, Secretary and General Counsel
 State College ,Pennsylvania ,16803
 866.590.2568

D. Martin Phillips
 Director
 State College ,Pennsylvania ,16803
 866.590.2568

Douglas Swanson, Jr.
 Director
 State College ,Pennsylvania ,16803
 866.590.2568

Joseph Winkler, III
 Director
 State College ,Pennsylvania ,16803
 866.590.2568

Mark Burroughs
 Director
 State College ,Pennsylvania ,16803
 866.590.2568

Matthew DeNezza
 Executive Vice President and Chief Financial Officer
 State College ,Pennsylvania ,16803
 866.590.2568

Oleg Tolmachev
 Executive Vice President and Chief Operating Officer
 State College ,Pennsylvania ,16803
 866.590.2568

Randall Albert
 Director
 State College ,Pennsylvania ,16803
 866.590.2568

Richard Paterson
 Director
 State College ,Pennsylvania ,16803
 866.590.2568

Robert Zorich
 Director
 State College ,Pennsylvania ,16803
 866.590.2568

Thomas Liberatore
 Executive Vice President, Corporate Development and Geosciences
 State College ,Pennsylvania ,16803
 866.590.2568


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