CANONSBURG, Pa., Sept. 26, 2016 /PRNewswire/ -- Rice
Energy Inc. (NYSE: RICE) ("Rice Energy") today announced the
pricing of an underwritten public offering of 40,000,000 shares of
its common stock at a price to the public of $25.50 per share of common stock. In connection
with the offering, Rice Energy granted the underwriters a 30-day
option to purchase up to an additional 6,000,000 shares of its
common stock. The offering is expected to close on September
30, 2016, subject to customary
closing conditions.
Rice Energy intends to use the net proceeds from the offering to
fund a portion of the previously announced acquisition of Vantage
Energy, LLC and Vantage Energy II, LLC (the "Acquisition"). The
offering is not conditioned on the consummation of the Acquisition,
and if the Acquisition does not occur, the net proceeds will be
used for general corporate purposes.
Barclays Capital Inc. and Wells Fargo Securities, LLC are acting
as book-running managers of the offering. The offering is being
made only by means of a prospectus supplement and accompanying
prospectus. A copy of the preliminary prospectus supplement and
accompanying prospectus relating to the offering may be obtained
from the offices of:
Barclays Capital Inc. c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, New York, 11717
Email: Barclaysprospectus@broadridge.com
Telephone: 1 (888) 603-5847
Wells Fargo Securities, LLC
Attention: Equity Syndicate Department
375 Park Avenue
New York, New York, 10152
Email: cmclientsupport@wellsfargo.com
Telephone: 1 (800) 326-5897
These documents may also be obtained at no charge from the
Securities and Exchange Commission's ("SEC's") website at
www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction. The offering may be made only by means of a
prospectus supplement and accompanying prospectus, each of which is
part of an effective shelf registration statement filed by Rice
Energy with the SEC.
About Rice Energy
Rice Energy Inc. is an independent natural gas and oil company
engaged in the acquisition, exploration and development of natural
gas and oil properties in the Appalachian Basin.
Forward Looking Statements
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond our
control. All statements, other than historical facts included or
incorporated herein that address activities, events or developments
that we expect or anticipate will or may occur in the future,
including such things as the completion, timing, size, proceeds and
the use of proceeds of the proposed offering, are forward-looking
statements. All forward-looking statements speak only as of the
date of this release. Although we believe that the plans,
intentions and expectations reflected in or suggested by the
forward-looking statements are reasonable, there is no assurance
that these plans, intentions or expectations will be achieved.
Therefore, actual outcomes and results could materially differ from
what is expressed, implied or forecast in such statements.
We caution you that these forward-looking statements are subject
to risks and uncertainties, most of which are difficult to predict
and many of which are beyond our control. Furthermore, the proposed
offering and the Acquisition may not be completed as described or
at all. Information concerning these and other factors can be found
in our filings with the Securities and Exchange Commission,
including our Forms 10-K, 10-Q and 8-K. Consequently, all of the
forward-looking statements made in this news release are qualified
by these cautionary statements and there can be no assurances that
the actual results or developments anticipated by us will be
realized, or even if realized, that they will have the expected
consequences to or effects on us, our business or operations. We
have no intention, and disclaim any obligation, to update or revise
any forward-looking statements, whether as a result of new
information, future results or otherwise.
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SOURCE Rice Energy Inc.