14 Feb 2017director interest notice● Neutral
RSP Permian, Inc. VP of O&G Mktg/Bus. Dev. Erik B Daugbjerg had 1,912 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2017substantial holder notice● Neutral
Ted Collins, Jr reported a RSP Permian, Inc. shareholding of 18,866,536 shares (13.30% of votes) in a periodic institutional filing.
14 Feb 2017substantial holder notice● Neutral
TIAA-CREF Investment Management, LLC, Teachers Advisors, LLC reported a RSP Permian, Inc. shareholding of 5,193,897 shares (3.66% of votes) in a periodic institutional filing.
14 Feb 2017director interest notice● Neutral
RSP Permian, Inc. director Michael K Grimm had 1,155 shares withheld for taxes on vesting stock.
14 Feb 2017director interest notice● Neutral
RSP Permian, Inc. Chief Accounting Officer Barry S. Turcotte had 1,527 shares withheld for taxes on vesting stock.
14 Feb 2017director interest notice● Neutral
RSP Permian, Inc. Chief Executive Officer Steven D Gray had 11,906 shares withheld for taxes on vesting stock.
14 Feb 2017substantial holder notice● Neutral
Wallace Family Partnership, LP, Michael Wallace Management, LLC, Michael W. Wallace, Leslyn M. Wallace reported a RSP Permian, Inc. shareholding of 18,947,945 shares (13.30% of votes) in a periodic institutional filing.
14 Feb 2017director interest notice● Neutral
RSP Permian, Inc. V.P. and General Counsel James E. Mutrie had 2,226 shares withheld for taxes on vesting stock.
14 Feb 2017director interest notice● Neutral
RSP Permian, Inc. Chief Operating Officer Zane W. Arrott had 5,773 shares withheld for taxes on vesting stock.
10 Feb 2017substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial RSP Permian, Inc. shareholding (5.39% of votes).
8 Feb 2017substantial holder notice● Neutral
ACTOIL, LLC, TIAA Oil and Gas Investments, LLC, Teachers Insurance and Annuity Association of America reported a RSP Permian, Inc. shareholding of 5,090,024 shares (4.00% of votes) in a periodic institutional filing.
7 Feb 2017substantial holder notice● Neutral
SILVER HILL ENERGY PARTNERS HOLDINGS, LLC reported a RSP Permian, Inc. shareholding of 13,470,771 shares (9.50% of votes) in a periodic institutional filing.
3 Feb 2017director interest notice● Neutral
RSP Permian, Inc. VP, Operations William Huck sold 6,000 shares.
30 Jan 2017substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial RSP Permian, Inc. shareholding (5.40% of votes).
26 Jan 2017business combination● NeutralMajor
RSP Permian filed its definitive proxy statement for a special stockholder meeting on February 24, 2017 (record date January 19, 2017). Holders are asked to approve issuing 16,019,638 shares to the SHEP II seller as part of the SHEP II deal, which also includes $645,953,143 in cash, both subject to adjustments. Together with the 14,980,362 shares already issued for SHEP I, this is about 30.5% of voting power as of October 13, 2016, which is why a vote is needed. The board unanimously recommends voting for it. If holders vote no, the company pays cash instead of shares and the acquisition still closes. The proxy includes a fairness opinion from RBC Capital Markets. This continues the open vote thread.
20 Jan 2017director interest notice● Neutral
RSP Permian, Inc. VP, Operations William Huck sold 6,000 shares at $42.57.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. director Michael K Grimm acquired 28,500 shares and disposed of 8,914 in a set of related equity transactions.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. VP, Operations William Huck sold 6,000 shares.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. Chief Executive Officer Steven D Gray acquired 66,500 shares and disposed of 24,856 in a set of related equity transactions.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. V.P. and General Counsel James E. Mutrie acquired 15,960 shares and disposed of 4,498 in a set of related equity transactions.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. Chief Financial Officer Scott K. Mcneill acquired 34,200 shares and disposed of 11,306 in a set of related equity transactions.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. VP, Operations William Huck acquired 28,500 shares and disposed of 8,914 in a set of related equity transactions.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. VP of O&G Mktg/Bus. Dev. Erik B Daugbjerg acquired 15,200 shares and disposed of 4,291 in a set of related equity transactions.
6 Jan 2017director interest notice● Neutral
RSP Permian, Inc. Chief Operating Officer Zane W. Arrott acquired 38,000 shares and disposed of 12,900 in a set of related equity transactions.
27 Dec 2016debt financing● NeutralMajor
RSP Permian closed the $450 million 5.25% senior notes due January 15, 2025 on December 27, 2016, with net proceeds of about $443.9 million intended to partly fund the SHEP II acquisition. Interest is paid each January 15 and July 15 starting July 15, 2017, and the notes are guaranteed by RSP Permian, L.L.C. and Silver Hill Energy Partners, LLC. They are unsecured, so they rank behind the secured credit facility. The company must register an exchange offer for the notes, aiming for effectiveness within 360 days. This completes the pricing announced December 12.
23 Dec 2016director interest notice● Neutral
RSP Permian, Inc. VP, Operations William Huck sold 6,000 shares at $45.13.
21 Dec 2016debt financing● NeutralMajor
On December 19, 2016, RSP Permian signed a new credit agreement with JPMorgan Chase as agent, maturing December 19, 2021. The initial borrowing base is $950 million with $900 million of commitments elected, secured on substantially all of the company's and borrower's properties and guaranteed by the company and certain subsidiaries including Silver Hill Energy Partners, LLC. Covenants require a working capital ratio of at least 1.0 and a leverage ratio of no more than 4.25 to 1.0. The filing does not say whether it replaces the earlier Comerica-led facility; the December 27 notes filing refers to a JPMorgan and Comerica facility, which suggests it does (inference).
19 Dec 2016director interest notice● Neutral
RSP Permian, Inc. director Joseph B Armes gifted 1,000 shares.
13 Dec 2016debt financing● NeutralMajor
RSP Permian agreed on December 12, 2016 to sell $450 million of 5.25% senior unsecured notes due 2025 at par to Barclays and RBC as initial purchasers, for net proceeds of about $443.9 million. The deal was upsized by $100 million from the amount first announced, and the money is meant to partly fund the SHEP II acquisition. The notes are to be guaranteed by RSP Permian, L.L.C. and Silver Hill Energy Partners, LLC, and closing was expected December 27, 2016. This adds debt alongside the $700 million of 6.625% notes already outstanding.
9 Dec 2016director interest notice● Neutral
RSP Permian, Inc. VP, Operations William Huck sold 6,000 shares.