Petrohawk Files Public Offering of 25MM Shares
Petrohawk Energy Corporation has filed a preliminary prospectus supplement to its existing shelf registration statement with the U.S. Securities and Exchange Commission relating to an underwritten public offering of 25,000,000 shares of its common stock. The underwriters will also have a 30-day option to purchase up to 3,750,000 additional shares of common stock from Petrohawk.
Net proceeds from the offering are expected to be used to repay the outstanding borrowings under Petrohawk's senior revolving credit facility, fund pending and additional leasehold acquisitions, fund a portion of its increased capital budget for the year ending December 31, 2008 and for general corporate purposes.
- Ex-Petrohawk CEO to Head $550M Re-Capitalized Ram Energy (Dec 22)
- BHP Billiton Completes Petrohawk Acquisition (Aug 26)
- BHP Billiton-Petrohawk Deal Gets Final Nod (Aug 18)