Concho Resources Inc. - 2015-03-02
Description
Priced an upsized public offering of 6 million shares of its common stock. Underwriters have been granted an option to buy up to 900,000 additional shares. Proceeds will be used to repay outstanding borrowings under its credit facility and for general corporate purposes, which may include financing its drilling and development program and future acquisitions. BofA Merrill Lynch is sole book-running manager.