DENVER, Dec. 8, 2017 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE: BBG) today announced the closing of its previously announced underwritten public offering of 21,000,000 shares of its common stock (the “common stock”). The Company granted the underwriters in the offering an option for 30 days to purchase up to an additional 3,150,000 shares of common stock to cover over-allotments, if any. The net proceeds from the offering, not including any over-allotment shares, were approximately $100.3 million, after deducting fees and estimated expenses. J.P. Morgan served as sole bookrunner for the offering.
The common stock was 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 Company intends to use the net proceeds from the offering for general corporate purposes, including to finance future capital expenditures.
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.