From Pernnsylvania-based Rice Energy on Wednesday:



CANONSBURG, Pa., Jan. 29, 2014 /PRNewswire/ -- Rice Energy Inc. (the "Company") today announced the completion of its initial public offering of 50,000,000 shares of its common stock at a price to the public of $21.00 per share, including 6,000,000 shares pursuant to the partial exercise by the underwriters of their option to purchase additional common stock from the selling stockholder named in the registration statement. The Company sold 30,000,000 shares of its common stock, and the selling stockholder sold 20,000,000 shares of the Company's common stock.



(Logo: http://photos.prnewswire.com/prnh/20140123/DA51701LOGO)



The net proceeds received by the Company from the sale of 30,000,000 shares of its common stock were approximately $594.5 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds to repay all outstanding borrowings under the revolving credit facility of its Marcellus joint venture, to make a $100.0 million payment in partial consideration of its Marcellus joint venture buy-in, to repay all outstanding borrowings under its revolving credit facility and to fund a portion of its capital expenditure plan. The Company will not receive any of the proceeds from the sale of shares of the Company's common stock by the selling stockholder.



Barclays, Citigroup, Goldman, Sachs & Co., Wells Fargo Securities, BMO Capital Markets and RBC Capital Markets acted as joint book-running managers of the offering.



A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This offering will be made only by means of a written prospectus forming part of the effective registration statement. A copy of the prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained, when available, from:








Barclays





Citigroup





Goldman, Sachs & Co.







c/o Broadridge Financial Solutions





c/o Broadridge Financial Solutions





Attn: Prospectus Department







1155 Long Island Avenue





1155 Long Island Avenue





200 West Street







Edgewood, NY 11717





Edgewood, NY 11717





New York, NY 10282







barclaysprospectus@broadridge.com





batprospectusdept@citi.com





prospectus-ny@ny.emal.gs.com







Toll-Free: 1-888-603-5847





Toll-Free: 1-800-831-9146





Telephone: 1-866-471-2526






 

 

 




Wells Fargo Securities





BMO Capital Markets





RBC Capital Markets







c/o Equity Syndicate Department





Attn: Syndicate Desk





Attn: Prospectus Department







375 Park Avenue





3 Times Square, 28th Floor





Three World Financial Center







New York, NY 10152





New York, NY 10036





200 Vesey Street, 8th Floor







cmclientsupport@wellsfargo.com





bmoprospectus@bmo.com





New York, NY 10281







Toll-Free: 1-800-326-5897





Toll-Free: 1-800-414-3627





Toll-Free: 1-877-822-4089








 



This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.



Rice Energy Inc. is an independent natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin.