Rex Energy files to sell $125M of depositary shares Rex Energy filed to sell 1.25M depositary shares, each representing a 1/100th interest in a share of convertible perpetual preferred stock, Series A with a liquidation preference of $10,000 per preferred share. RBC Capital Markets is acting as the Sole Structuring Advisor and Sole Bookrunner.
Rex Energy provides FY15 hedging update Consistent with its historical practice, Rex Energy continues to add to its hedging position at prices that generate strong rates of return in order provide additional certainty regarding its expected cash flows. FY15, the company now has approximately 49% of its current natural gas production hedged at a weighted average floor price of $4.15. The company has also hedged approximately 43% of its current oil production for the first half of 2015 at a weighted average floor price of $90.88. Finally, the company has recently entered into agreements to lock in approximately 60% of its expected natural gas production previously sold under Dominion South Point pricing for 2015 at a weighted average price of 82c below the Henry Hub natural gas index price.