DALLAS, May 18, 2017 /PRNewswire/ -- RSP Permian, Inc.
("RSP" or the "Company") (NYSE: RSPP) today announced the
commencement of an underwritten public offering of 15,000,000
shares of its common stock by Silver Hill Energy Partners Holdings,
LLC and Silver Hill Energy Partners II, LLC (collectively, the
"Selling Stockholders"). The Selling Stockholders have granted the
underwriter a 30-day option to purchase up to an additional
2,250,000 shares of the Company's common stock. The Company will
not receive any proceeds from the offering. BofA Merrill Lynch is
acting as sole book-running manager for the offering. The
underwriter may offer the shares of common stock from time to time
for sale in one or more transactions on the NYSE, in the
over-the-counter market, through negotiated transactions or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated
prices.
The offering is being made pursuant to an effective shelf
registration statement filed with the Securities and Exchange
Commission (the "SEC") on March 17,
2015. The offering may be made only by means of a prospectus
supplement and the accompanying prospectus, copies of which may be
obtained by sending a request to:
BofA Merrill Lynch
Attention: Prospectus Department
200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
Email: dg.prospectus_requests@baml.com
You may also access the prospectus supplement and the
accompanying prospectus for free by visiting the SEC's website at
www.sec.gov.
This press release shall 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 prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About RSP Permian, Inc.
RSP is an independent oil and natural gas company focused on the
acquisition, exploration, development and production of
unconventional oil and associated liquids-rich natural gas reserves
in the Permian Basin of West
Texas. The vast majority of the Company's acreage is located
on large, contiguous acreage blocks in the core of the Midland Basin and Delaware Basin, both sub-basins of the Permian
Basin. The Midland Basin
properties are primarily in the adjacent counties of Midland, Martin, Glasscock, Andrews, and Ector. The Delaware Basin properties are in the adjacent
counties of Loving and
Winkler. The Company's common
stock is traded on the NYSE under the ticker symbol "RSPP."
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the federal securities laws. All statements, other than
historical facts, that address activities that RSP assumes, plans,
expects, believes, intends or anticipates (and other similar
expressions) will, should or may occur in the future are
forward-looking statements. Forward-looking statements are based on
RSP's current beliefs, based on currently available information, as
to the outcome and timing of future events. These forward-looking
statements involve certain risks and uncertainties that could cause
the results to differ materially from those expected by the
management of RSP. Information concerning these risks and other
factors can be found in RSP's filings with the SEC, including its
Annual Report on Form 10-K, which can be obtained free of charge on
the SEC's web site located at www.sec.gov. RSP undertakes no
obligation to update or revise any forward-looking statement.
![RSP Permian, Inc. logo (PRNewsFoto/RSP Permian, Inc.) (PRNewsFoto/RSP Permian, Inc.) RSP Permian, Inc. logo (PRNewsFoto/RSP Permian, Inc.) (PRNewsFoto/RSP Permian, Inc.)](https://mma.prnewswire.com/media/328754/RSP_Permian_Logo.jpg)
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SOURCE RSP Permian, Inc.