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Athlon Energy prices IPO
 

 

A. Lee Graham

Reporter

 

Athlon Energy Inc. of Fort Worth has priced its initial public offering of 15,789,474 shares of common stock at $20 per share. The shares were expected to begin trading Friday on the New York Stock Exchange under the ticker symbol “ATHL.”

 

The selling stockholders named in the registration statement have granted the underwriters a 30-day option to purchase up to 2,368,421 more shares of the company’s common stock at the initial public offering price. The offering is expected to close on Wednesday Aug. 7, 2013, subject to customary closing conditions.

 

Athlon said it plans to use net proceeds from the offering to repay indebtedness, provide liquidity for use in its drilling program, and for general corporate purposes. Those include potential acquisitions.

 

Acting as joint book-running managers for the offering were Citigroup Global Markets Inc. and Goldman, Sachs & Co. Also serving that role are Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC and Wells Fargo Securities LLC.

 

Athlon Energy is an independent exploration and production company that acquires and develops unconventional oil and liquids-rich natural gas reserves in the Permian Basin. More information is available at www.athlonenergy.com.

 

lgraham@bizpress.net

 

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