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Thursday, December 15, 2011

Bonanza Creek Energy ipo stock ticker symbol

Bonanza Creek Energy ipo stock ticker symbol ; Bonanza Creek Energy, Inc. announced today the pricing of its initial public offering of 10,000,000 shares of its common stock at $17.00 per share. The shares are expected to begin trading on the New York Stock Exchange on December 15, 2011 under the symbol "BCEI." In addition, the underwriters have a 30-day option to purchase from Bonanza Creek Energy up to an additional 1,500,000 shares of common stock, at the same price per share, to cover over-allotments, if any. The offering is expected to close on December 20, 2011, subject to satisfaction of closing conditions.

Bonanza Creek Energy intends to use a portion of the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility. Bonanza Creek Energy intends to use the remaining net proceeds, together with borrowings under its revolving credit facility, to fund its exploration and development program and the expansion of its gas processing facilities.

Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are serving as joint book-running managers for the offering. Raymond James & Associates, Inc., RBC Capital Markets, LLC, BMO Capital Markets Corp., Howard Weil Incorporated, KeyBanc Capital Markets Inc., Stifel, Nicolaus & Company, Incorporated, BNP Paribas Securities Corp. and SG Americas Securities, LLC are serving as co-managers. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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