Parsley Energy, Inc. | Stephens

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Co-Manager

Parsley Energy, Inc.

$243.2 Million 08/15/2016 Acquisitions & Divestitures Complete
Lead Bankers: Keith Behrens, Evan Smith
Public Companies
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Transaction Details

  • On August 15, 2016, Parsley Energy, Inc. (NYSE: PE) (“Parsley” or the “Company”) priced an upsized public offering of Class A common stock for total gross proceeds of approximately $243.2 million
  • The deal priced 7,250,000 shares of Class A common stock (upsized from 7,000,000) at$33.55 per share
  • All shares were primary shares offered by the Company
  • Parsley intends to use the net proceeds of the offering to fund a portion of the purchase price for the acquisition of oil and gas interests in Glasscock County, Texas; any remaining net proceeds will be used to fund a portion of the Company's capital program and for general corporate purposes, including potential future acquisitions
  • Stephens Inc. served as a Co-Manager on this transaction

About the company

Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin in West Texas.

Sources: Company filings.
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    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1594466/000119312516684137/d239683d424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.