Rice Energy Inc. - 2016-04-12
Description
Priced public offering of about 29. 85 million common shares at $16.35 each. Offering 20 million shares, and the selling stockholder, NGP Rice Holdings LLC, is offering about 9.85 common shares. NGP Rice Holdings granted the underwriter a month-long option to purchase about 4.47 million additional shares. Some proceeds will support Marcellus and Utica acquisitions in Greene County, Pa., from Alpha Natural Resources Inc. for $200 million, and also general corporate purposes. Goldman Sachs & Co. is sole book-running manager.