Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor

Rex Energy Corporation

$960 Million 11/14/2018 Exploration & Production Complete
Financial Sponsors
Show Tombstone

Transaction Details

On May 18, 2018, Rex Energy Corporation (“Rex”) filed for Chapter 11 Bankruptcy protection to facilitate a sale process for its assets pursuant to §363 of the Bankruptcy Code

− On September 28, 2018, Rex completed the sale of substantially all of its assets to PennEnergy Resources, LLC (the “Transaction”) and the Bankruptcy Court confirmed Rex’s Plan of Liquidation on November 14, 2018

• The Transaction resulted in full satisfaction of Rex’s DIP Facility, Prepetition First Lien Credit Facility and Make-Whole Amount, payment of $162.0 million of its Senior Secured Second Lien Notes due 2020, and payments to Unsecured Noteholders and other claimants

• Stephens Inc. served as exclusive financial advisor to the Ad Hoc Group of Senior Secured Second Lien Noteholders (“Second Lien Holders”)

• Stephens Inc. assisted both pre-petition and post-petition in positioning the Second Lien Holders for a substantial recovery

About the company

Rex Energy Corporation
Rex Energy Corporation was incorporated in 2007 and engaged in the acquisition, production, exploration, and development of natural gas, NGLs and condensate in the Appalachian Basin, with a focus on the Marcellus, Utica, and Upper Devonian Shales. Including both developed and undeveloped acreage, Rex controlled approximately 129,900 acres prospective for Marcellus and Upper Devonian Shale exploration, and 182,400 acres prospective for Utica Shale exploration. At the time of its sale to PennEnergy, Rex owned interests in 565 wells, with production exceeding 240 Mmcfe/d.

Source: Rex public filings
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.