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Prospect News home > News index > List of issuers R > Headlines for Rex Energy Corp. > News item
Published on 6/10/2016 in the Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News Liability Management Daily.

Rex to exchange some 6% series A convertible preferreds for stock

By Devika Patel

Knoxville, Tenn., June 10 – Rex Energy Corp. negotiated an exchange agreement for some of the depositary shares representing 6% series A convertible perpetual preferred stock on June 6, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company agreed to issue 4.35 million common shares in exchange for 600,000 depositary shares.

The exchange will settle on June 13.

Based in State College, Pa., Rex Energy is an oil and gas exploration and production company.


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