WildHorse Resource Development Prices Initial Public Offering of Common Stock

HOUSTON--()--WildHorse Resource Development Corporation (NYSE: WRD) (the “Company”) announced today the pricing of its initial public offering of 27,500,000 shares of its common stock at $15.00 per share. The shares are expected to begin trading on December 14, 2016 on the New York Stock Exchange under the ticker symbol "WRD." The Company has granted the underwriters of the offering a 30-day option to purchase up to an additional 4,125,000 shares of the Company’s common stock at the initial public offering price. The offering is expected to close on December 19, 2016, subject to customary closing conditions.

The Company intends to use the net proceeds of approximately $391.7 million from this offering, along with borrowings from the Company’s revolving credit facility, to (i) fund the remaining portion of the Burleson North acquisition purchase price, (ii) repay in full and terminate the existing revolving credit facilities of its subsidiaries and (iii) repay in full all notes payable by one of its subsidiaries to its prior owners.

Barclays, BofA Merrill Lynch, BMO Capital Markets, Citigroup and Wells Fargo Securities are acting as book-running managers for the offering. Copies of the written prospectus for the offering may be obtained, when available, from:

 
Barclays         BofA Merrill Lynch
c/o Broadridge Financial Solutions Attn: Prospectus Department
1155 Long Island Avenue

200 North College Street, 3rd Floor

Edgewood, NY 11717 Charlotte, NC 28255-0001
(888) 603-5847

dg.prospectus_requests@baml.com

barclaysprospectus@broadridge.com

 

 
 
BMO Capital Markets Corp.

Citigroup Global Markets Inc.

Attn: Equity Syndicate Department

c/o Broadridge Financial Solutions

3 Times Square, 25th Floor

1155 Long Island Avenue

New York, NY 10036

Edgewood, NY 11717

(800) 414-3627

(800) 831-9146

bmoprospectus@bmo.com

 

 
 
Wells Fargo Securities
Attention: Equity Syndicate Department
375 Park Avenue
New York, NY, 10152

Email: cmclientsupport@wellsfargo.com

Telephone: 1 (800) 326-5897
 

About WildHorse Resource Development

WildHorse Resource Development Corporation is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana.

Important Information

A registration statement relating to these securities has been filed with, and been declared effective by, the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Statement Concerning Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. All statements, other than historical facts included in this release, are forward-looking statements. All forward-looking statements speak only as of the date of this release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements.

The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the preliminary prospectus filed with the SEC in connection with this offering. The risk factors and other factors noted in the preliminary prospectus could cause the Company’s actual results to differ materially from those contained in any forward-looking statement.

Contacts

WildHorse Resource Development Corporation
Luis Mier, 713-255-9327
Director, Investor Relations
ir@wildhorserd.com

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Release Summary

WildHorse Resource Development (NYSE: WRD) announced the pricing of its initial public offering of 27,500,000 shares of its common stock at $15.00 per share.

WildHorse Resource Development Corporation