Callon Petroleum Shelf Offering
Posted: Thu Apr 11, 2019 7:06 am
Dan,
I was looking through Sweet 16 filings this morning. Noticed that CPE filed a shelf registration. They aren't issuing new shares, but allowing capacity to expand authorizations on existing equities. See excerpt below of "Use of Proceeds" and link to filing.
USE OF PROCEEDS
Unless otherwise set forth in the applicable prospectus supplement or free writing prospectus, we intend to use the net proceeds from any sales of securities by us under this prospectus and any accompanying prospectus supplement for general corporate purposes, which may include, among other things:
• capital expenditures;
• the repayment of indebtedness;
• working capital; and
• to make strategic acquisitions.
Any specific allocation of the net proceeds of an offering of securities to a specific purpose will be determined at the time of the offering and will be described in an accompanying prospectus supplement or free writing prospectus. The precise amount and timing of the application of these proceeds will depend upon our funding requirements and the availability and cost of other funds.
https://www.sec.gov/Archives/edgar/data ... ds3asr.htm
I was looking through Sweet 16 filings this morning. Noticed that CPE filed a shelf registration. They aren't issuing new shares, but allowing capacity to expand authorizations on existing equities. See excerpt below of "Use of Proceeds" and link to filing.
USE OF PROCEEDS
Unless otherwise set forth in the applicable prospectus supplement or free writing prospectus, we intend to use the net proceeds from any sales of securities by us under this prospectus and any accompanying prospectus supplement for general corporate purposes, which may include, among other things:
• capital expenditures;
• the repayment of indebtedness;
• working capital; and
• to make strategic acquisitions.
Any specific allocation of the net proceeds of an offering of securities to a specific purpose will be determined at the time of the offering and will be described in an accompanying prospectus supplement or free writing prospectus. The precise amount and timing of the application of these proceeds will depend upon our funding requirements and the availability and cost of other funds.
https://www.sec.gov/Archives/edgar/data ... ds3asr.htm