Oasis Upsizes Public Offering of Shares
Oasis Petroleum Inc. has priced an upsized underwritten public offering of 32,000,000 shares of common stock for total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) of approximately $409.6 million.
Oasis intends to use the net proceeds of this offering to repay outstanding borrowings under its credit facility and for general corporate purposes. Oasis granted the underwriters a 30-day option to purchase up to 4,800,000 additional shares of common stock. The offering is expected to close on March 9, 2015.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as book-running managers for the offering.
Announced Date
March 04,2015
Value ( $MM )
409.6
Type
Equity-Stock-Sales
Use of Fund
General Purpose,Debt Reduction
Company
Oasis Petroleum Inc.
Underwriter
/Book Runner
/Book Runner
Credit Suisse,JP Morgan Securities
Regions
United States
Country
United States
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