Magnum Hunter Resources Corp. - 2012-05-11
Description
Priced its public offering of 35,000,000 shares at $4.50 per share to finance a portion of the pending $311 million previously announced acquisition of oil properties in the Williston Basin from Baytex Energy USA Ltd., increase the 2012 upstream capital budget from $150 million to $325 million and for general corporate purposes. Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., Goldman, Sachs & Co., RBC Capital Markets, LLC, SunTrust Robinson Humphrey, Inc. and UBS Securities LLC are acting as joint book-running managers.