Rex Energy Corporation Announces 7M Share Public Offering of Common Stock

Rex Energy Corporation "Rex Energy" REXX today announced that it is commencing, subject to market conditions, an underwritten public offering of 7.0 million shares of its common stock. The company intends to grant the underwriters a 30-day option to purchase up to 1.05 million additional shares to cover overallotments, if any. KeyBanc Capital Markets is acting as the sole book-running manager for the offering. The company intends to use the net proceeds from the offering to repay borrowings under its senior credit facility.