DENVER, Aug. 5, 2013 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced that it has priced and upsized a public offering from 3,750,000 to 4,500,000 shares of its common stock for total gross proceeds (before underwriter's compensation and estimated expenses) of $243 million. BofA Merrill Lynch acted as the sole underwriter of the offering and has offered the shares at prevailing market prices or otherwise from time to time through the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise. The Company has granted the underwriter an option for 30 days to purchase up to an additional 675,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or around August 9, 2013.
PDC Energy Announces Upsizing And Pricing Of Common Stock Offering
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.