Selling Stone: Louisiana player prices share offer.
related stories
Stone prices share offering
Louisiana independent Stone Energy priced its public offering of 7 million shares of common stock at $8 per share, 1 million more than it first announced.
At that price, the sale should generate about $52.6 million, which Stone plans to use to repay debt and for general corporate purposes.
The sale is expected to close 16 June.
The company has granted the underwriters a 30-day option to purchase up to 1.05 million additional shares.
Barclays Capital and Merrill Lynch & Company are acting as the joint book-running managers of the offering.