DENVER, Dec. 6, 2016 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE:BBG) today announced that it has commenced an underwritten public offering of 11,500,000 shares of its common stock. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include development, deleveraging, or future acquisitions. The Company will grant the underwriters in the common stock offering an option for 30 days to purchase up to an additional 1,725,000 shares of common stock to cover over-allotments, if any.
The common stock will be issued pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3.
J.P. Morgan will serve as sole book running manager for the common stock offering. A written prospectus and prospectus supplement relating to the offering may be obtained by sending a request to: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email: email@example.com.
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 of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT BILL BARRETT CORPORATION
Bill Barrett Corporation, headquartered in Denver, Colorado, develops oil and natural gas in the Rocky Mountain region of the United States.