Parsley Energy to repay revolving credit facility via stock proceeds

By Marisa Wong

Morgantown, W.Va., Sept. 17 – Parsley Energy, Inc. said it intends to repay borrowings outstanding under its revolving credit facility using proceeds from an offering of common stock.

The company announced on Thursday that it began a public offering of class A common stock via Goldman Sachs & Co. as bookrunner. Proceeds from the stock sale will also be used to fund a portion of the company’s capital program.

Parsley Energy is an oil and natural gas company based in Austin, Texas.

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