Callon Closes Secondary Stock Offering

Callon Petroleum Company (NYSE:CPE) (NYSE:CPE.PrA) announced the closing of a public offering of common stock today. Callon raised net proceeds of approximately $38.2 million, after expenses. The offering of 3 million shares, priced at $13.25 per share, was underwritten by Johnson Rice & Company L.L.C. As stated previously, Callon has granted the underwriter an over-allotment option to purchase an additional 450,000 shares.

The company intends to use the net proceeds of the common stock offering for general corporate purposes, including repayment of debt.

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours