Western Gas Partners (WES) priced an overnight offering of 6 million common units, at 18 dollars and 20 cents per unit. Joint book-running managers for the offering are Barclays Capital (BCS), BofA Merrill Lynch (BAC), Goldman Sachs (GS), and Wells Fargo Securities (WFC). The company said proceeds would go to pay down its revolving credit facility. Shares of Western Gas had touched a 52 week high of 20 dollars per share just one week ago, a price almost double its 52 week low of 10 dollars and 53 cents set just about a year ago. On Friday, shares of Western Gas were trading at 18 dollars and 18 cents, down just over 4 percent on the day.
Ziopharm Oncology (ZIOP) priced an overnight offering of just under 15 and a half million common shares, at 3 dollars and 10 cents each. Each share offered comes with a warrant to purchase another half a share, at an exercise price of 4 dollars and 2 cents. Ziopharm said it plans to use the proceeds in part for ongoing clinical development of its three product candidates. JMP Securities (JMP) and Rodman & Renshaw (RODM) are co-lead managers for the offering. On Friday, shares were trading down 17 and a half percent, to 3 dollars and 2 cents.
And Golden Star Resources (GSS) priced an overnight offering of 20 million common shares 3 dollars and 75 cents each. The company said proceeds will be used in part towards committed capital projects and exploration activities. Shares of Golden Star had hit a 52 week high of 4 dollars and 39 cents per share on Wednesday of this week. In Friday trading, shares were down more than 12%, to 3 dollars and 67 cents.
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