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7 months ago
BRIEF-PHX Energy enters into bought deal financing
January 12, 2017 / 10:46 PM / 7 months ago

BRIEF-PHX Energy enters into bought deal financing

Jan 12 (Reuters) - PHX Energy Services Corp

* PHX Energy Services Corp. enters into bought deal financing

* PHX Energy Services Corp says net proceeds of offering and concurrent private placement will be used to reduce bank indebtedness

* PHX Energy Services Corp says corporation anticipates an initial increase in its 2017 capital expenditure budget to approximately $25 million

* PHX Energy Services - Bought-deal financing with a syndicate of underwriters will issue 6.3 million common shares at a price of $4.00 per common share Source text for Eikon: Further company coverage:

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