Rex Energy to pay down revolver borrowings with senior note proceeds

By Sara Rosenberg and Paul A. Harris

New York, July 14 – Rex Energy Corp. expects to repay revolver credit facility debt using proceeds from a $250 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes.

Rex Energy is a State College, Pa.-based exploration and production company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.