Petrohawk has priced its public offering of 22,000,000 shares of common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of common stock. The shares were offered to the public at $17.50. The offering is expected to settle and close on March 4, 2009, subject to customary closing conditions.
Net proceeds from the offering are expected to be used to fund a portion of Petrohawk's capital budget for the year ending December 31, 2009, potential acquisitions, further infrastructure expansion projects and for general corporate purposes.
Most Popular Articles