Rex Energy plans to sell $250 million eight-year notes Nov. 12 week

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Nov. 13 - Rex Energy Corp. is prepping a $250 million offering of senior notes due 2020 (expected ratings B3/B-), which are expected to price during the Nov. 12 week, a market source said.

An investor call will take place at noon ET on Tuesday.

Wells Fargo Securities LLC is the left bookrunner. KeyBanc Capital Markets LLC, SunTrust Robinson Humphrey Inc. and RBC Capital Markets LLC are the joint bookrunners.

BMO Capital Markets Corp., Capital One Financial Corp. and Mitsubishi UFJ Securities are senior the co-managers.

U.S. Bancorp Investments Inc., Brean Capital LLC and Global Hunter Securities LLC are the co-managers.

The Rule 144A and Regulation S with registration rights notes will be non-callable for four years.

Proceeds will be used to repay all of the company's revolver debt, to repay and terminate its second-lien term loan and for general corporate purposes.

The independent oil and gas exploration and production company is based in State College, Pa.

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