REI News & Events

The deal priced below last closing price of $1.78. Mizuho, BofA and Raymond James are acting as joint book running managers for the offering.

Mizuho, BofA and Raymond James are acting as joint book running managers for the offering.

Ring Energy announced that it has commenced an underwritten public offering of $60M of shares of its common stock. The company intends to use the net proceeds from the offering for the repayment of outstanding borrowings under its senior secured revolving credit facility. The company intends to use any remaining proceeds for general corporate purposes. Mizuho, BofA Securities and Raymond James are acting as joint book-running managers for the offering.