DENVER, Dec. 12, 2016 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE: BBG) today announced the closing of its previously announced underwritten public offering of 15,525,000 shares of its common stock (the “common stock”), which includes the full exercise by the underwriters of their option to purchase 2,025,000 shares of common stock to cover over-allotments. Net proceeds from the sale of common stock, including as a result of the option exercise, after deducting fees and estimated expenses, were approximately $109.7 million.
The Company intends to use the net proceeds from the offering for general corporate purposes, which may include development, deleveraging, or future acquisitions.
The offering was made by means of a prospectus supplement and accompanying prospectus, copies of which 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 protected].
J.P. Morgan acted as sole book running manager, and Deutsche Bank Securities and Scotia Howard Weil acted as co-managers, for the common stock offering.
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.