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Eclipse Resources Completes IPO

Eclipse Resources Corporation has announced the completion of its initial public offering of 30,300,000 shares of its common stock at a price to the public of $27.00 per share. The Company sold 21,500,000 shares of its common stock and the selling stockholders named in the registration statement sold 8,800,000 shares of the Company’s common stock.

Share Price $27.00
Shares Offered 30,300,000
Offer Amount $818,100,000.00
Total Expenses $4,780,000.00

The net proceeds received by the Company from the sale of 21,500,000 shares of its common stock were approximately $545.2 million (after deducting underwriting discounts and commissions and the estimated offering expenses payable by the Company). The Company intends to use the net proceeds to repay all outstanding borrowings under its revolving credit facility and to fund a portion of its capital expenditure plan. The Company will not receive any proceeds from the sale of shares of the Company’s common stock by the selling stockholders.

Citigroup Global Markets Inc., Goldman, Sachs & Co., and Morgan Stanley & Co. LLC acted as joint lead book-running managers for the offering. Barclays Capital Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc. and RBC Capital Markets, LLC also acted as book-running managers for the offering.

Announced Date
June 25,2014
Value  ( $MM )
818
Type
IPO
Use of Fund
General Purpose
Company
Eclipse Resources Corp.
Underwriter
/Book Runner
Citigroup Global Markets Inc.,Goldman Sachs Group Inc,Morgan Stanley,Barclays Capital,Keybanc,Rbc Richardson Barr
Regions
Northeast
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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