The purchase price of $25.50 per share was identical to the purchase price per share of the common stock sold in Superior's follow-on stock offering of 4,600,000 shares, which closed on December 12, 2006. Net proceeds to Superior from the sale of the additional 690,000 shares was approximately $16.7 million, substantially all of which will be used to repay outstanding indebtedness and to purchase additional oilfield service equipment. KeyBanc Capital Markets was the lead manager of the offering. A.G. Edwards, RBC Capital Markets, Simmons & Company International and Johnson Rice & Company L.L.C. acted as co-managers.
Superior Well Services, Inc. is an oilfield services company operating in many of the major oil and natural gas producing regions of the United States.
Most Popular Articles
From the Career Center
Jobs that may interest you