Cobalt International Energy Inc. - 2012-02-21
Description
Commenced a registered underwritten public offering of 47,000,000 shares of its common stock. Cobalt is offering 15,700,000 shares of common stock and the selling stockholders are offering an additional 31,300,000 shares of common stock. Cobalt intends to use the net proceeds to fund its capital expenditures and for general corporate purposes. Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers.