6 Aug 2015securities registration● Neutral
RSP Permian, Inc. filed a prospectus supplement for an offering off its existing shelf.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Aug 2015securities registration● Neutral
RSP Permian, Inc. filed a prospectus supplement for an offering off its existing shelf.
4 Aug 2015quarterly activities report▼ Bad
RSP Permian, Inc. reported quarterly revenue of $78.5 million and a net loss of $5.5 million for the period ended 2015-06-30.
4 Aug 2015quarterly activities report▼ Bad
RSP Permian, Inc. reported quarterly revenue of $78.5 million and a net loss of $5.5 million for the period ended 2015-06-30.
19 June 2015business combination● Neutral
RSP Permian filed a registration statement to let holders swap the $500 million of 6.625% senior notes due 2022 (issued September 26, 2014) for identical notes registered with the SEC. The terms are the same apart from removal of transfer restrictions, and the company receives no proceeds. This is the exchange offer the company owed after the 2014 note sale; the exchange expiry date is blank in the draft.
12 May 2015quarterly activities report▼ Bad
RSP Permian, Inc. reported quarterly revenue of $51.4 million and a net loss of $1.0 million for the period ended 2015-03-31.
12 May 2015quarterly activities report▼ Bad
RSP Permian, Inc. reported quarterly revenue of $51.4 million and a net loss of $1.0 million for the period ended 2015-03-31.
23 Mar 2015material agreement● NeutralMajor
RSP Permian signed an underwriting agreement with Barclays on March 17, 2015 to sell 5,000,000 new shares itself and 4,000,000 shares for selling stockholders at $25.80 each ($25.65 net of discounts), with 30-day options for up to 750,000 and 600,000 more shares respectively. This is the offering run off the shelf registration filed that week; the 8-K does not state how the company will use its proceeds, and the new company shares add to the share count.
19 Mar 2015securities registration● Neutral
RSP Permian, Inc. filed a prospectus supplement for an offering off its existing shelf.
17 Mar 2015securities registration● Neutral
RSP Permian, Inc. filed a prospectus supplement for an offering off its existing shelf.
17 Mar 2015securities registration● Neutral
RSP Permian, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
13 Feb 2015substantial holder notice● Neutral
Production Opportunities II, L.P, Natural Gas Partners IX, L.P, NGP IX Offshore Holdings, L.P, G.F.W. Energy IX, L.P, GFW IX, L.L.C, NGP Energy Capital Management, L.L.C, Rising Star Energy Development Co., L.L.C, Rising Star Energy Holdings, L.P, Rising Star Energy GP, L.L.C, Natural Gas Partners VIII, L.P, G.F.W. Energy VIII, L.P, GFW VIII, L.L.C disclosed a new substantial RSP Permian, Inc. shareholding (32.90% of votes).
13 Feb 2015substantial holder notice● Neutral
Ted Collins, Jr disclosed a new substantial RSP Permian, Inc. shareholding (35.70% of votes).
13 Feb 2015substantial holder notice● Neutral
Wallace Family Partnership, LP, Michael Wallace Management, LLC, Michael W. Wallace, Leslyn M. Wallace disclosed a new substantial RSP Permian, Inc. shareholding (35.80% of votes).
12 Feb 2015substantial holder notice● Neutral
Wellington Management Group LLP reported a RSP Permian, Inc. shareholding of 8,269,914 shares (10.70% of votes) in a periodic institutional filing.
12 Feb 2015substantial holder notice● Neutral
Wellington Management Group LLP reported a RSP Permian, Inc. shareholding of 8,269,914 shares (10.70% of votes) in a periodic institutional filing.
12 Feb 2015substantial holder notice● Neutral
Wellington Management Group LLP reported a RSP Permian, Inc. shareholding of 8,269,914 shares (10.70% of votes) in a periodic institutional filing.
23 Jan 2015director interest notice● Neutral
RSP Permian, Inc. director Ted Collins Jr. sold 42,000 shares.
10 Dec 2014director interest notice● Neutral
RSP Permian, Inc. Chief Executive Officer Steven D Gray bought 20,000 shares on the open market at $20.34.
10 Nov 2014quarterly activities report● Neutral
RSP Permian, Inc. reported quarterly revenue of $70.6 million and net income of $32.3 million for the period ended 2014-09-30.
10 Nov 2014quarterly activities report● Neutral
RSP Permian, Inc. reported quarterly revenue of $70.6 million and net income of $32.3 million for the period ended 2014-09-30.
10 Oct 2014substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial RSP Permian, Inc. shareholding (10.23% of votes).
2 Oct 2014debt financing● NeutralMajor
The $500 million 6.625% senior notes due October 1, 2022 were issued on September 26, 2014, guaranteed by subsidiary RSP Permian, L.L.C., with net proceeds of about $488.6 million. About $342.5 million repays credit facility borrowings and the rest is for general corporate purposes. The notes rank behind the secured credit facility and carry restrictions on debt, dividends, asset sales and other actions; RSP also agreed to register exchange notes with the SEC within 360 days.
24 Sept 2014debt financing● NeutralMajor
On September 23, 2014 RSP agreed to sell $500 million of 6.625% senior unsecured notes due 2022 at par to initial purchasers led by Barclays and RBC, for net proceeds of about $488.6 million. The press release says this was $50 million larger than first announced and that proceeds go to repay credit facility borrowings, with the balance for general corporate purposes. This is the senior notes issue anticipated in the August facility amendment.
18 Sept 2014material agreement● Neutral
A third amendment to the Comerica credit facility, dated September 12, 2014, lets RSP's operating subsidiary pay its parent amounts needed to service unsecured notes and guarantee those notes, provided no default exists. This is the follow-through on the August permission to issue senior notes and sets up the note sale that follows.
4 Sept 2014asset acquisition disposition▲ GoodMajor
On August 29, 2014 RSP closed the Glasscock County acquisition announced in July, paying about $257 million in cash (subject to post-closing adjustments), funded from cash on hand and credit facility borrowings. The same day the credit facility was amended: borrowing base raised from $375 million to $500 million, total lender commitments from $500 million to $1 billion, maturity extended to August 29, 2019, and the company permitted to issue senior notes.
14 Aug 2014quarterly activities report● Neutral
RSP Permian, Inc. reported quarterly revenue of $74.1 million and net income of $8.2 million for the period ended 2014-06-30.
14 Aug 2014director interest notice● Neutral
RSP Permian, Inc. director Michael W. Wallace disposed of 14,817 shares via option/appreciation-right settlement.
14 Aug 2014director interest notice● Neutral
RSP Permian, Inc. VP of O&G Mktg/Bus.Dev. Erik B Daugbjerg disposed of 30,613 shares via option/appreciation-right settlement.
14 Aug 2014quarterly activities report● Neutral
RSP Permian, Inc. reported quarterly revenue of $74.1 million and net income of $8.2 million for the period ended 2014-06-30.