Green Touch Builders | Parsley Energy to sell more shares; issues guidance for 2015
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February 6, 2015 By SEO Admin

Parsley Energy to sell more shares; issues guidance for 2015

Parsley Energy Inc. stock fell sharply in early trading Friday after the Austin-based oil and gas exploration and production company said it would offer a private placement of its common shares to repay debt.

Parsley (NYSE: PE) said it would sell nearly 14.9 million shares to “selected institutional and accredited investors” and expected net proceeds of about $224 million. Houston-based Tudor, Pickering, Holt & Co. acted as financial adviser in the offering.

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