Rex Energy driving by with $250 million eight-year notes Monday

By Paul A. Harris

Portland, Ore., July 14 – Rex Energy Corp. plans to price a $250 million offering of eight-year senior notes (expected ratings B3/B-) on Monday following a late-morning conference call with investors, according to a syndicate source.

RBC Capital Markets is the left bookrunner for the Rule 144A and Regulation S with registration rights offering. SunTrust Robinson Humphrey Inc., Wells Fargo Securities LLC and KeyBanc Capital Markets are the joint bookrunners.

BMO Securities, Capital One, MUFG and U.S. Bancorp Investments Inc. are the senior co-managers. Huntington Investment Co. is the co-manager.

The notes come with three years of call protection and feature a 101% poison put.

The State College, Pa.-based exploration and production company, which is focused on the Appalachian and Illinois Basins, plans to use the proceeds to repay revolver debt and for general corporate purposes.

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