DENVER, Dec. 6, 2016 /PRNewswire/ -- Bill Barrett
Corporation (the "Company") (NYSE:BBG) today announced that it
priced an upsized underwritten public offering of 13,500,000 shares
of its common stock (the "common stock") for total gross proceeds
(before underwriters' compensation and estimated expenses) of
approximately $99.9 million. The
Company intends to use the net proceeds from the offering for
general corporate purposes, which may include development,
deleveraging, or future acquisitions. The Company has granted the
underwriters in the common stock offering an option for 30 days to
purchase up to an additional 2,025,000 shares of common stock to
cover over-allotments, if any.
The common stock will be issued pursuant to a prospectus
supplement and an accompanying prospectus filed as part of an
effective shelf registration statement filed with the Securities
and Exchange Commission on Form S-3. The offering is expected to
close on or around December 12, 2016,
subject to customary closing conditions.
J.P. Morgan is serving as sole book runner for the common stock
offering. A written prospectus and prospectus supplement relating
to the offering may be obtained by sending a request to: J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New
York 11717, email: prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale of these securities would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
ABOUT BILL BARRETT CORPORATION
Bill Barrett Corporation, headquartered in Denver, Colorado, develops oil and natural gas
in the Rocky Mountain region of the
United States.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements in this news release related to the Company's public
offering of common stock, including the use of proceeds from the
offering, and all other statements other than statements of
historical fact, are forward-looking statements that are made
pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
subject to a number of risks and uncertainties that may cause
actual results to differ materially from the forward-looking
statements. The Company urges you to carefully review and consider
the cautionary statements made in this press release, the
registration statement, the "Risk Factors" section of the Annual
Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and
Exchange Commission ("SEC") on March 2,
2016, and other filings with the SEC for further information
on risks and uncertainties that could affect the Company's
business, financial condition and results of operations, which are
incorporated by this reference as though fully set forth herein.
The Company cautions you not to place undue reliance on
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update any forward-looking
statements in order to reflect any event or circumstance occurring
after the date of this release or currently unknown facts or
conditions or the occurrence of unanticipated events. All forward
looking statements are qualified in their entirety by this
cautionary statement.
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SOURCE Bill Barrett Corporation