NEW YORK (TheStreet) -- RSP Permian (RSPP) was falling -1.3% to $25.56 Thursday after announcing the pricing of its 10 million share offering.

The company priced the 10 million share offering at $25.65 a share. RSP Permian will sell 4,166,667 shares in the offering, while certain shareholders will sell the remaining 5,833,333 shares in the 10 million share offering.

RSP Permian expects net proceeds of $102.3 million from the offering, which it plans to use to repay amounts under its revolving credit facility.

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

RSPP ChartRSPP data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.