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Article: Superior Well Services, Inc. Announces Public Offering of Common Stock.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Superior Well Services, Inc. (NASDAQ:SWSI) announced that it has commenced a public offering of 6.0 million shares of common stock pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission ("SEC"). The underwriters for the offering will also have the option to purchase up to 900,000 additional shares of common stock to cover over-allotments, if any. The Company intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their over-allotment option, to repay a portion of the indebtedness outstanding under the Company's credit facility.
BofA ...
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