RSP Permian, Inc. Announces Secondary Public Offering of Common Stock
DALLAS, May 18, 2017 /PRNewswire/ -- RSP Permian, Inc. ("RSP" or the "Company") (NYSE: RSPP) today announced the commencement of an underwritten public offering of 15,000,000 shares of its common stock by Silver Hill Energy Partners Holdings, LLC and Silver Hill Energy Partners II, LLC (collectively, the "Selling Stockholders"). The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 2,250,000 shares of the Company's common stock. The Company will not receive any proceeds from the offering. BofA Merrill Lynch is acting as sole book-running manager for the offering. The underwriter may offer the shares of common stock from time to time for sale in one or more transactions on the NYSE, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC") on March 17, 2015. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to:
BofA Merrill Lynch
Attention: Prospectus Department
200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
Email: [email protected]
You may also access the prospectus supplement and the accompanying prospectus for free by visiting the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About RSP Permian, Inc.
RSP is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The vast majority of the Company's acreage is located on large, contiguous acreage blocks in the core of the Midland Basin and Delaware Basin, both sub-basins of the Permian Basin. The Midland Basin properties are primarily in the adjacent counties of Midland, Martin, Glasscock, Andrews, and Ector. The Delaware Basin properties are in the adjacent counties of Loving and Winkler. The Company's common stock is traded on the NYSE under the ticker symbol "RSPP."
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than historical facts, that address activities that RSP assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. Forward-looking statements are based on RSP's current beliefs, based on currently available information, as to the outcome and timing of future events. These forward-looking statements involve certain risks and uncertainties that could cause the results to differ materially from those expected by the management of RSP. Information concerning these risks and other factors can be found in RSP's filings with the SEC, including its Annual Report on Form 10-K, which can be obtained free of charge on the SEC's web site located at www.sec.gov. RSP undertakes no obligation to update or revise any forward-looking statement.
SOURCE RSP Permian, Inc.
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