Berry Petroleum Co.

Closed its IPO of 10,497,849 shares of common stock sold by Berry and 2,545,630 shares of common stock sold by the selling stockholders at $14 per share. Berry used a portion of the proceeds it received from the offering to purchase an aggregate of 1,802,196 shares of its common stock owned by funds affiliated with Benefit Street Partners and Oaktree Capital Management. As a result of the offering and the share repurchase, the number of shares of common stock outstanding increased by 8,695,653.

In addition, Berry and the selling stockholders named in the Registration Statement have granted the underwriters of the offering a 30-day option to purchase up to an additional 1,534,895 shares and 421,626 shares, respectively, of Berry’s common stock at the initial public offering price, less underwriting discounts and commissions. Berry intends to use a portion of the proceeds it receives from any sale of additional shares pursuant to the underwriters’ option to purchase an additional 230,548 shares of its common stock owned by funds affiliated with Benefit Street Partners. Assuming the underwriters exercise their option in full, the number of shares outstanding after such option exercise and additional share repurchase will increase by 1,304,347.

Goldman Sachs & Co. LLC, Wells Fargo Securities and BMO Capital Markets acted as lead book-running managers for the offering.