Synergy Raises Money for Wattenberg Acquisitions
Synergy Resources Corporation has announced the launch of an underwritten public offering of $150,000,000 of its common stock, subject to market and other conditions.
The underwriters will have an option to purchase up to an additional $22,500,000 of common stock from the Company. All of the shares to be sold in this offering will be sold by the Company.
Synergy intends to use the net proceeds from the offering, along with cash on hand, to fund additional asset acquisitions in the Wattenberg Field which may become available from time to time, to pay down outstanding indebtedness under its revolving credit facility and for corporate purposes, including working capital.
Seaport Global Securities LLC is acting as book-running manager/co-lead of the offering and Johnson Rice & Company L.L.C. is acting as co-lead manager. The underwritten public offering will be made only by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained from Seaport Global
/Book Runner
CEO
Platteville ,Colorado ,80651
970-737-1073
VP of Capital Markets and Investor Relations
Platteville ,Colorado ,80651
303-520-7479
CFO
Platteville ,Colorado ,80651
970-737-1073
V.P
Platteville ,Colorado ,80651
970-737-1073
Rockies - DJ Basin Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2017-12-06 | Bill Barrett Plans $105MM Equity Offering | Bill Barrett Corp. | 105 | Equity-Stock-Sales |
| 2017-11-09 | SRC Energy Pulls $280MM from Equity Markets | SRC Energy Inc | 280 | Equity-Stock-Sales |
| 2016-12-07 | Bill Barrett Upsizes Equity Offering for $100 MM | Bill Barrett Corp. | 99.9 | Equity-Stock-Sales |
| 2016-01-22 | Synergy Prices $80.5 Million Stock Offering | SRC Energy Inc | 80.5 | Equity-Stock-Sales |