Oasis Petroleum Inc. - 2015-03-09
Description
Priced an upsized underwritten public offering of 32 million shares of common stock. Underwriters have been granted an option to buy up to 4.8 million additional shares. Proceeds will be used to repay outstanding borrowings under its credit facility and for general corporate purposes. Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are book-running managers. Entities affiliated with SPO Advisory Corp. agreed to purchase 8 million shares.