Warrior Energy Services Completes Public Offering

Warrior Energy Services Corporation (Nasdaq: WARR) has completed its public offering of 9,453,000 shares of its common stock at $23.50 per share. Warrior sold 8,860,534 shares of common stock, of which 1,233,000 were issued upon exercise of the underwriters' right to purchase additional shares to cover over-allotments, while the remaining 592,466 shares were sold by selling stockholders. Warrior received approximately $163.5 million of proceeds from the offering, net of underwriting fees and estimated expenses. Warrior intends to use the proceeds to simplify its capital structure by repurchasing outstanding derivative securities and to reduce debt.

The shares are traded on the Nasdaq National Market under the symbol "WARR."

Raymond James & Associates, Inc. and Simmons & Company International acted as lead underwriters of the offering, and Johnson Rice & Company L.L.C. acted as co-manager. Copies of the prospectus relating to the offering may be obtained from Raymond James & Associates, Inc., 880 Carillion Parkway, St. Petersburg, FL 33716, or by phone: (800) 248-8863.

Warrior Energy Services Corporation is an oil and gas well services company that provides cased-hole wireline and well intervention services to exploration and production companies.


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