AUSTIN, Texas, Oct. 5, 2017
/PRNewswire/ -- Parsley Energy, LLC ("Parsley"), a subsidiary
of Parsley Energy, Inc. (NYSE: PE) ("Parsley Inc."), and Parsley's
wholly owned subsidiary, Parsley Finance Corp., announced today
that they have commenced, subject to market conditions and other
factors, a private offering of $600 million in aggregate
principal amount of senior unsecured notes due 2027 to eligible
purchasers (the "Notes Offering").
Parsley intends to use the net proceeds of the Notes Offering to
fund a portion of its capital program and for general corporate
purposes.
The securities to be offered in the Notes Offering have not been
registered under the Securities Act of 1933, as amended (the
"Securities Act"), or any state securities laws and, unless so
registered, may not be offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. Parsley plans to offer and sell the
securities only to qualified institutional buyers pursuant to Rule
144A under the Securities Act and to non-U.S. persons in
transactions outside the United
States pursuant to Regulation S under the Securities
Act.
This news 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.
Forward-Looking Statements
Certain statements
contained in this news release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements represent
Parsley's expectations or beliefs concerning future events, and it
is possible that the results described in this news release will
not be achieved. These forward-looking statements are subject to
risks, uncertainties and other factors, many of which are outside
of Parsley's control, which could cause actual results to differ
materially from the results discussed in the forward-looking
statements. Any forward-looking statement speaks only as of the
date on which it is made, and, except as required by law, Parsley
does not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. New factors emerge from time to time,
and it is not possible for Parsley to predict all such factors.
When considering these forward-looking statements, you should keep
in mind the risk factors and other cautionary statements found in
Parsley Inc.'s filings with the SEC, including, but not limited to,
Parsley Inc.'s Annual Report on Form 10-K for the year
ended December 31, 2016 and its subsequent Quarterly Reports
on Form 10-Q and Current Reports on
Form 8-K. The risk factors and other factors noted in
Parsley Inc.'s SEC filings could cause actual results to differ
materially from those contained in any forward-looking
statement.
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SOURCE Parsley Energy, LLC