Rex Energy to pay down credit facility with common stock proceeds

By Ashley Montgomery

Kansas City, Kan., Jan. 30 - Rex Energy Corp. intends to use the proceeds from its sale of common stock to repay amounts outstanding under its senior credit facility, according to a filing with the Securities and Exchange Commission.

As of Dec. 31, the company said it owed $175 million on its senior credit facility, which is due Sept. 28, 2015.

Rex Energy is a State College, Pa.-based independent oil and gas company.

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