SilverBow Resources (SBOW) Announces 1.7M Share Secondary Offering
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SilverBow Resources Announces Secondary Offering of Common Stock
December 11, 2023 4:11 PM ESTHOUSTON--(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today announced that an affiliate of Strategic Value Partners, LLC (the Selling Stockholder) intends to offer for sale 1,700,000 shares of the Companys common stock in an underwritten public offering (the Offering). The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 255,000 shares.
The Offering consists entirely of secondary shares to be sold by the Selling Stockholder. The Selling Stockholder will receive all of the net proceeds from the Offering. SilverBow is not offering any... More
