CANONSBURG, Pa., Sept. 26, 2016 /PRNewswire/ — Rice Energy Inc. (NYSE: RICE) (“Rice Energy”) today announced the commencement of an underwritten public offering of 40,000,000 shares of its common stock. In connection with the offering, Rice Energy expects to grant the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of its common stock.
Rice Energy intends to use the net proceeds from the offering to fund a portion of the previously announced acquisition of Vantage Energy, LLC and Vantage Energy II, LLC (the “Acquisition”). The offering is not conditioned on the consummation of the Acquisition, and if the Acquisition does not occur, the net proceeds will be used for general corporate purposes.
Barclays Capital Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from the offices of:
Barclays Capital Inc. c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, New York, 11717
Telephone: 1 (888) 603-5847
Wells Fargo Securities, LLC
Attention: Equity Syndicate Department
375 Park Avenue
New York, New York, 10152
Telephone: 1 (800) 326-5897
These documents may also be obtained at no charge from the Securities and Exchange Commission’s (“SEC’s”) website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus supplement and accompanying prospectus, each of which is part of an effective shelf registration statement filed by Rice Energy with the SEC.
About Rice Energy
Rice Energy Inc. is an independent natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin.