Close

Brigham Exploration (BEXP) Underwriters Exercise 2.1M Common Over-Allotment Option

April 9, 2010 9:17 AM EDT
Brigham Exploration Company (NASDAQ: BEXP) today announced Credit Suisse Securities (USA) and Jefferies & Company, Inc. exercised in full its over-allotment option to purchase an additional 2,100,000 shares of the Company's common stock at a public offering price of $18 per share. The over-allotment option was granted to the underwriters in connection with Brigham's recent offering of common stock. The exercise of the option will bring the aggregate net proceeds from the offering to approximately $277.5 million. The sale of the shares in the offering, including the over-allotment shares, is scheduled to close April 13, 2010.

In connection with the offering, Credit Suisse Securities (USA) LLC and Jefferies & Company, Inc. are acting as joint book-running managing underwriters and Johnson Rice & Company, Raymond James, RBC Capital Markets, Tudor, Pickering, Holt & Co., Howard Weil Incorporated and Thomas Weisel Partners LLC are acting as co-managing underwriters for the offering.





Related Categories

Equity Offerings

Related Entities

Credit Suisse, Raymond James, Jefferies & Co, RBC Capital, Johnson Rice, Thomas Weisel Partners Group