WildHorse Resource Development Corp.

Description

Sold 27.5 million shares priced at $15 each. Proceeds and revolver borrowings will fund the remaining portion of its acquisition of acreage in Burleson County, Texas, from Clayton Williams Energy Inc. Proceeds will also repay existing revolving credit facilities and all notes payable to its prior owners. As a result, the existing revolver will be terminated. Barclays, BofA Merrill Lynch, BMO Capital Markets, Citigroup and Wells Fargo Securities were book-running managers.

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Estimated Price
$391.7MM
Financing Type
Report Date