Blackstone-backed Vine Energy debuts IPO

Plano, Texas-based Vine Energy, an energy company backed by Blackstone, has gone public after pricing its IPO of 21.5 million shares at $14 per share.

Plano, Texas-based Vine Energy, an energy company backed by Blackstone, has gone public after pricing its IPO of 21.5 million shares at $14 per share. The stock began trading March 18, 2021 on the New York Stock Exchange under the ticker symbol “VEI.” Citigroup, Credit Suisse, Morgan Stanley, Barclays, BofA Securities and RBC Capital Markets are the lead underwriters.

PRESS RELEASE

PLANO, Texas–(BUSINESS WIRE)–Vine Energy Inc. (“Vine”) announced today the pricing of its initial public offering of 21,500,000 shares of its Class A common stock at $14.00 per share pursuant to a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”). The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “VEI” on March 18, 2021. In addition, Vine granted the underwriters a 30-day option to purchase up to an additional 3,225,000 shares of Vine’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on March 22, 2021 subject to customary closing conditions.

Vine expects to receive approximately $280,800,000 million of net proceeds from the offering after offering expenses. Vine expects to use the net proceeds from the offering to repay in full and terminate certain existing credit facilities of its subsidiaries, with any remaining net proceeds to be used for general corporate purposes.

Citigroup, Credit Suisse, Morgan Stanley, Barclays, BofA Securities and RBC Capital Markets are acting as joint book-running managers for the offering. The offering of these securities is being made only by means of a prospectus. When available, a copy of the prospectus may be obtained from:
Citigroup, Attention: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (800) 831-9146
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone: 1-800-221-1037, E-mail: usa.prospectus@credit-suisse.com
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (888) 603-5847, Email: Barclaysprospectus@broadridge.com
BofA Securities, Inc., Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte NC 28255-0001, Email: dg.prospectus_requests@bofa.com
RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098; Attention: Equity Syndicate; Phone: 877-822-4089; Email: equityprospectus@rbccm.com

Important Information
A registration statement relating to these securities has been filed with, and declared effective by, the SEC. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov under “Vine Energy Inc.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Vine Energy Inc.
Based in Plano, TX, Vine Energy Inc. is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana.