Vine Energy Inc. Announces Pricing of Initial Public Offering
17 Marzo 2021 - 10:31PM
Business Wire
Vine Energy Inc. (“Vine”) announced today the pricing of its
initial public offering of 21,500,000 shares of its Class A common
stock at $14.00 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”). The shares are
expected to begin trading on the New York Stock Exchange under the
ticker symbol “VEI” on March 18, 2021. In addition, Vine granted
the underwriters a 30-day option to purchase up to an additional
3,225,000 shares of Vine’s Class A common stock at the initial
public offering price, less underwriting discounts and commissions.
The offering is expected to close on March 22, 2021 subject to
customary closing conditions.
Vine expects to receive approximately $280,800,000 million of
net proceeds from the offering after offering expenses. 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 offering. The offering of these securities is
being made only by means of a prospectus. When available, a copy of
the 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 relating to these securities has been
filed with, and declared effective by, the SEC. 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, which 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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version on businesswire.com: https://www.businesswire.com/news/home/20210317005851/en/
David Erdman (469) 605-2480 IR@VineEnergy.com
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