Deal Details
Follow-on Offering
Summary
Baird served as a co-manager on this offering.
About
Synergy Resources Corporation (“Synergy” or the “Company”) (NYSE: SYRG) recently completed a follow-on offering of 51,750,000 common shares at a price of $5.80 per share, generating gross proceeds of approximately $300.2 million. The Company intends to use the proceeds from the offering to fund a portion of the purchase price related to the acquisition of acreage in the Wattenberg Field in the DJ Basin.Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy's core area of operations is in the DJ Basin, which encompasses Colorado, Wyoming, Kansas and Nebraska. The Company is headquartered in Denver, Colorado.
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- Date
- June 2016
- Company
- Synergy Resources Corporation
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
- Acquiror Geography
- North America
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