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Co-Manager

Parsley Energy, Inc.

$390.6 Million 04/04/2016 Acquisitions & Divestitures Complete
Lead Bankers: Keith Behrens, Evan Smith
Public Companies
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Transaction Details

  • On April 4, 2016, Parsley Energy, Inc. (NYSE: PE) (“Parsley” or the “Company”) priced a follow-on offering for a deal value of approximately $390.6 million
  • The deal priced 18,250,000 shares of Class A common stock (upsized from 16,000,000) at $21.40 per share
  • All shares were primary shares offered by the Company
  • Parsley intends to use the net proceeds of the offering to fund the aggregate purchase price for the acquisitions of oil and gas interests in the Southern Delaware and Midland Basins, which the Company announced on April 4, 2016
  • The remaining net proceeds will be used to fund a portion of the Company’s capital program and for general corporate purposes, including 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/1594466/000119312516529392/d128865d424b5.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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.