RSP Permian to pay down revolver borrowings with stock sale proceeds

By Marisa Wong

Madison, Wis., Aug. 13 – RSP Permian, Inc. plans to repay amounts drawn under its revolving credit facility using proceeds from a public offering of common stock, according to an 8-K filing with the Securities and Exchange Commission.

The company and some of its stockholders sold 11.5 million common shares at $25.65 per share with Barclays, RBC Capital Markets, Raymond James, Tudor, Pickering, Holt & Co. and UBS Investment Bank as the joint bookrunners.

The oil and natural gas company is based in Dallas.

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