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Wednesday, August 12, 2020

Athlon Energy files registration statement

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Athlon Energy Inc. of Fort Worth announced Monday it has filed a draft registration statement for a possible initial public offering. The number of shares to be offered and the price range for the offering have not yet been determined, according to the company’s filing with the U.S. Securities and Exchange Commission. Athlon plans to use the proceeds from the initial public offering for its subsidiary, Athlon Holdings LP. Athlon Holdings expects to use the proceeds to “reduce outstanding borrowings under its credit agreement, to provide additional liquidity for use in its drilling program and for general corporate purposes, including potential acquisitions,” according to a company news release.

 

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