WildHorse Resource Development Corporation (NYSE:WRD) Files An 8-K Regulation FD DisclosureItem 8.01Regulation FD
On April18, 2018, WildHorse Resource Development Corporation (the “Company”) announced that, subject to market conditions, the Company intended to offer an additional $200 million aggregate principal amount of the Company’s 6.875% senior unsecured notes due 2025 in a private offering to eligible purchasers (the “Offering”). In connection with the Offering, the Company disclosed that it had borrowings of approximately $400.0 million under its revolving credit facility as of April16, 2018.
The information in this Item 8.01 is being “furnished” to General Instruction B.2 of Form8-K and shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 8.01 Other Events.
On April18, 2018, the Company issued a press release announcing the Offering. A copy of the press release is filed as Exhibit99.1 to this Current Report on Form8-K and is incorporated in this Item 8.01 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.
Item 8.01 Financial Statements and Exhibits.
(b)Pro Forma Financial Information.
On June30, 2017, the Company acquired certain oil and gas working interests and the associated production in the Eagle Ford Shale, through its wholly owned subsidiary, from Anadarko E&P Onshore LLC, Admiral A Holding L.P., TE Admiral A Holding L.P. and Aurora C-I Holding L.P. located in Burleson, Brazos, Lee, Milam, Robertson and Washington Counties, Texas (the “Acquisition”).
On March29, 2018, the Company, through its wholly owned subsidiary, completed the sale of certain producing and non-producing oil and natural gas properties (including the Oakfield gathering system) in Harrison, Milam, Panola, Robertson, and San Augustine Counties, Texas and Bienville, Bossier, Cado, Claiborne, De Soto, Jackson, Lincoln, Ouachita, Red River, Sabine, and Webster Parishes, Louisiana to Tanos Energy Holdings III, LLC (the “NLA Divestiture”).
The unaudited pro forma condensed combined statement of operations for the year ended December31, 2017, including notes thereto, which gives effect to the Acquisition and the NLA Divestiture, is attached hereto as Exhibit99.2 and incorporated herein by reference.
(d)Exhibits.
Exhibits.
