WildHorse Resource Development Corporation (NYSE:WRD) Files An 8-K Other Events
Item8.01
| Other Events. |
On January17, 2017, WildHorse Resource Development Corporation
(the Company) issued and sold 2,297,100 shares of the Companys
common stock, par value $0.01 per share, at an offering price of
$15.00 per share to the partial exercise of the underwriters
over-allotment option (the Option Exercise) in connection with
the Companys initial public offering. The Company received net
proceeds of $32.6 million from the Option Exercise, all of which
were used to repay outstanding borrowings under the Companys
revolving credit facility.
On January23, 2017, the Company issued a press release announcing
that, subject to market conditions, the Company intended to offer
senior unsecured notes due 2025 in a private offering to eligible
purchasers. A copy of the press release is filed as Exhibit 99.1
to this Current Report on Form 8-K and is incorporated in this
Item8.01 by reference.
The 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 in which the offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit Number |
Description |
|
| 99.1 | Press release dated January 23, 2017 |
1
About WildHorse Resource Development Corporation (NYSE:WRD)
WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return. In Southeast Texas, it operates in Burleson, Lee and Washington Counties where it primarily targets the Eagle Ford Shale (Eagle Ford Acreage), which is an active shale trends in North America. In North Louisiana, the Company operates in and around the Terryville Complex, where it primarily targets the overpressured Cotton Valley play (North Louisiana Acreage). The Company’s subsidiaries include WildHorse Resources II, LLC (WildHorse) and Esquisto and Acquisition Co. WildHorse Resource Development Corporation (NYSE:WRD) Recent Trading Information
WildHorse Resource Development Corporation (NYSE:WRD) closed its last trading session down -0.21 at 14.20 with 729,264 shares trading hands.
