Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a co-manager on this offering

About

SRC Energy, Inc. (“SRC” or the “Company”) (NYSE: SRCI) recently completed a follow-on offering of 40,250,000 common shares at a price of $8.00 per share, generating gross proceeds of approximately $322.0 million. The Company intends to use the proceeds from the offering to fund a portion of the purchase price related to the GCII Acquisition, which includes approximately 30,200 net acres in Weld County, Colorado, and to repurchase or redeem existing senior notes.

SRC is an independent oil and natural gas exploration and production company. SRC's core area of operation is in the D-J Basin, northeast of Denver, Colorado. The Company is headquartered in Denver, Colorado.
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Energy
Follow-on Offering
Date
November 2017
Company
SRC Energy, Inc.
Transaction
M&A
Sectors
Energy
Target Location
North America

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