Vine Energy Inc. Announces Launch of Initial Public Offering
09 Marzo 2021 - 1:35PM
Business Wire
Vine Energy Inc. (“Vine”) announced today that it has launched
an initial public offering of 18,750,000 shares of its Class A
common stock at an anticipated initial offering price between
$16.00 and $19.00 per share pursuant to a registration statement on
Form S-1 (the “Registration Statement”) filed with the U.S.
Securities and Exchange Commission (the “SEC”). In addition, Vine
intends to grant the underwriters a 30-day option to purchase up to
an additional 2,812,500 shares of Vine’s Class A common stock at
the initial public offering price, less underwriting discounts and
commissions. Vine intends to list on the New York Stock Exchange
under the ticker symbol “VEI.”
Vine expects to use the net proceeds from the offering to repay
in full and terminate certain existing credit facilities of its
subsidiaries, with any remaining net proceeds to be used for
general corporate purposes.
Citigroup, Credit Suisse, Morgan Stanley, Barclays, BofA
Securities and RBC Capital Markets are acting as joint book-running
managers for the proposed offering. The offering of these
securities will be made only by means of a prospectus. When
available, a copy of the preliminary prospectus may be obtained
from:
- Citigroup, Attention: Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (800)
831-9146
- Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, NC 27560,
Telephone: 1-800-221-1037, E-mail:
usa.prospectus@credit-suisse.com
- Morgan Stanley & Co. LLC, Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York, NY 10014
- Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, Telephone: (888) 603-5847,
Email: Barclaysprospectus@broadridge.com
- BofA Securities, Inc., Attention: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte NC
28255-0001, Email: dg.prospectus_requests@bofa.com
- RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New
York, NY 10281-8098; Attention: Equity Syndicate; Phone:
877-822-4089; Email: equityprospectus@rbccm.com
Important Information
A registration statement, including a prospectus that is
preliminary and subject to completion, relating to these securities
has been filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. The
registration statement may be obtained free of charge at the SEC’s
website at www.sec.gov under “Vine Energy Inc.” 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
would be unlawful prior to the registration or qualification under
the securities laws of any such state or jurisdiction.
About Vine Energy Inc.
Based in Plano, TX, Vine Energy Inc. is an energy company
focused on the development of natural gas properties in the stacked
Haynesville and Mid-Bossier shale plays in the Haynesville Basin of
Northwest Louisiana.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements represent Vine’s expectations or beliefs concerning
future events, and it is possible that the results described in
this press release will not be achieved. These forward-looking
statements are subject to risks, uncertainties and other factors,
many of which are outside of Vine’s control, that could cause
actual results to differ materially from the results discussed in
the forward-looking statements. These include, but are not limited
to, statements regarding the terms of the offering and the intended
use of proceeds therefrom.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, Vine does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not
possible for Vine to predict all such factors. When considering
these forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in the prospectus filed
with the SEC in connection with Vine’s initial public offering. The
risk factors and other factors noted in Vine’s prospectus could
cause its actual results to differ materially from those contained
in any forward-looking statement.
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David Erdman (469) 605-2480
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