Parsley Energy to repay revolver borrowings with common stock proceeds

By Tali Rackner

Norfolk, Va., Feb. 6 – Parsley Energy, Inc. plans to repay borrowings under its revolving credit facility with the proceeds from its private offering of class A common stock, according to a press release.

Proceeds will also be used for general corporate purposes.

Parsley Energy is an independent energy exploration and production company.

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