Rex Energy Corporation Announces Pricing of Public Offering of Common Stock at $9.25/Share

Rex Energy Corporation REXX today announced that it had priced an underwritten public offering of 7.0 million shares of common stock at a price of $9.25 per share. The offering is expected to close on February 6, 2012. Rex Energy has granted the underwriters a 30-day option to purchase up to 1.05 million additional shares to satisfy any overallotments. The net proceeds to Rex Energy from the offering will be approximately $61.3 million, after deducting underwriting discounts, commissions and estimated offering expenses. Rex Energy intends to use the net proceeds of the offering to repay borrowings under its senior credit facility. KeyBanc Capital Markets is acting as the sole book-running manager for the offering. RBC Capital Markets, SunTrust Robinson Humphrey and Wells Fargo Securities are acting as co-lead managers for the offering with Johnson Rice & Company LLC, Capital One Southcoast, Stifel Nicolaus Weisel and Rodman & Renshaw, LLC acting as co-managers.