Rex Energy Announces Proposed $250 Million Offering Of Senior Notes

Rex Energy Corporation REXX announced today that it intends to offer $250 million in aggregate principal amount of senior notes due 2022 (the "Senior Notes") in a private placement, subject to market conditions. The company intends to use the net proceeds from the offering of the Senior Notes to repay all of the borrowings outstanding under its revolving credit facility and for general corporate purposes. Rex Energy will make the offering pursuant to certain exemptions from registration under the Securities Act of 1933, as amended (the "Securities Act"). The initial purchasers of the Senior Notes will offer the Senior Notes only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The Senior Notes will not be registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration under such laws or applicable exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy the Senior Notes, nor shall there be any sale of the Senior Notes in any state or jurisdiction in which such an offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.