Bill Barrett Corporation Announces Pricing of Initial Public Offering at $25 Per Share
10 Dicembre 2004 - 3:25PM
PR Newswire (US)
Bill Barrett Corporation Announces Pricing of Initial Public
Offering at $25 Per Share DENVER, Dec. 10 /PRNewswire-FirstCall/ --
Bill Barrett Corporation (NYSE:BBG) announced today that its
initial public offering of 13 million shares of common stock was
priced at $25.00 per share to the public. To the extent the
underwriters sell more than the 13 million shares of common stock,
the underwriters have the option to purchase up to an additional
1.95 million shares from the Company. All stock sold in the
offering will be issued by the Company. Assuming no exercise of the
underwriters' option to purchase additional shares of common stock,
the net proceeds to the Company will be approximately $301 million.
Completion of the offering is expected to occur on December 15,
2004, subject to the satisfaction of customary closing conditions.
Goldman, Sachs & Co. is the sole book-running manager of the
offering. J.P. Morgan Securities Inc. and Lehman Brothers Inc. are
the joint-lead managers of the offering. Credit Suisse First Boston
LLC, Morgan Stanley & Co. Incorporated, Petrie Parkman &
Co., Inc. and First Albany Capital Inc. are co-managers. Copies of
the prospectus relating to the offering may be obtained from
Goldman Sachs & Co., 85 Broad Street, New York, NY 10004, and
(212) 902-1171. 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 Bill Barrett Corporation Bill Barrett
Corporation, headquartered in Denver, explores for and develops oil
and natural gas in the Rocky Mountain region of the United States.
The Company has projects in nine basins in the Rocky Mountains.
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements reflect our current
views with respect to future events, based on what we believe are
reasonable assumptions. No assurance can be given, however, that
these events will occur. These statements are subject to risks and
uncertainties that could cause actual results to differ materially
including, among other things, completion of the offering, market
conditions, oil and gas price volatility, uncertainties inherent in
oil and gas production operations and estimating reserves,
unexpected future capital expenditures, competition, the success of
our risk management activities, governmental regulations and other
factors discussed in our Registration Statement on Form S-1 filed
with the Securities and Exchange Commission (SEC). DATASOURCE: Bill
Barrett Corporation CONTACT: Robert W. Howard, Executive Vice
President, Finance and Investor Relations, +1-303-293-9100, or Jim
Felton, Investor Relations Manager, +1-303-312-8103, both of Bill
Barrett Corporation
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