Rosetta Resources Inc. Announces Pricing of Public Offering of Common Stock
HOUSTON, April 18, 2013 (GLOBE NEWSWIRE) -- Rosetta Resources Inc.
(Nasdaq:ROSE) (the "Company") announced today that it has priced an
underwritten public offering of 7,000,000 shares of the Company's common stock
at $42.50 per share. The Company has granted the underwriters a 30-day option
to purchase up to an additional 1,050,000 shares of common stock. The Company
intends to use the net proceeds from this offering to fund a portion of the
consideration for its previously announced acquisition of oil and natural gas
assets in the Permian Basin from Comstock Resources, Inc. (the "Acquisition")
and to repay amounts outstanding under the Company's revolving credit
facility. Any remaining net proceeds will be used for general corporate
purposes. The sale of our common stock is expected to settle on April 23,
2013, subject to the satisfaction of customary closing conditions.
Credit Suisse and BofA Merrill Lynch are acting as joint book-running managers
of the offering. The offering is being made only by means of a prospectus
supplement and accompanying base prospectus, copies of which may be obtained
by contacting Credit Suisse Securities (USA) LLC at One Madison Avenue, New
York, New York 10010, Attention: Prospectus Department, or by calling (800)
221-1037 or by emailing email@example.com or BofA Merrill
Lynch at 222 Broadway, New York, New York 10038, Attention: Prospectus
Department or by emailing firstname.lastname@example.org.
When available, an electronic copy of the prospectus supplement and
accompanying base prospectus may also be obtained at no charge at the
Securities and Exchange Commission's website at http://www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful.
The offering is being made pursuant to an effective registration statement on
Form S-3 previously filed by the Company with the Securities and Exchange
Rosetta Resources Inc. is an independent exploration and production company
engaged in the acquisition and development of onshore energy resources in the
United States of America. The Company holds a leading position in the Eagle
Ford area in South Texas, one of the nation's largest unconventional resource
plays. The Company is based in Houston, Texas.
This press release includes forward-looking statements, which give the
Company's current expectations or forecasts of future events based on
currently available information. Forward-looking statements are statements
that are not historical facts, such as expectations regarding the closing of
the equity offering and the completion of the proposed Acquisition. The
assumptions of management and the future performance of the Company are
subject to a wide range of business risks and uncertainties, including the
risk that the Acquisition may not close, and there is no assurance that these
statements and projections will be met. Factors that could affect the
Company's business include those detailed in the Company's most recent Form
10-K and other filings with the Securities and Exchange Commission. If one or
more of these risks or uncertainties materialize (or the consequences of such
a development changes), or should underlying assumptions prove incorrect,
actual outcomes may vary materially from those forecasted or expected. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements except as required by law.
CONTACT: Investor Contact:
Don O. McCormack
Vice President, Treasurer and Chief Accounting Officer
Rosetta Resources Inc.
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