DENVER, Dec. 6, 2016 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE:BBG) today announced that it priced an upsized underwritten public offering of 13,500,000 shares of its common stock (the “common stock”) for total gross proceeds (before underwriters’ compensation and estimated expenses) of approximately $99.9 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 Company has granted the underwriters in the common stock offering an option for 30 days to purchase up to an additional 2,025,000 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. The offering is expected to close on or around December 12, 2016, subject to customary closing conditions.
J.P. Morgan is serving as sole book runner 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: firstname.lastname@example.org.
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.