C&J Energy Services, Inc. (NYSE: CJES) (“C&J” or the “Company”) announced today that it completed its initial public offering of 13,225,000 shares of its common stock at a price of $29.00 per share, before underwriting discounts and commissions. C&J sold 4,300,000 shares in this offering, and the selling stockholders sold 8,925,000 shares, including 1,725,000 shares sold by the selling stockholders pursuant to the full exercise of the underwriters’ option to purchase additional shares.

The Company intends to use the net proceeds of approximately $113 million from this offering to repay all outstanding indebtedness under its credit facility and any remaining net proceeds to partially fund the purchase price of its on-order hydraulic fracturing fleets. The Company did not receive any proceeds from the sale of shares by the selling stockholders. Goldman, Sachs & Co., J.P. Morgan and Citigroup acted as joint book-running managers for the offering. Wells Fargo Securities, Simmons & Company International and Tudor, Pickering, Holt & Co. acted as co-managers for the offering.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This offering was made only by means of a written prospectus forming part of the effective registration statement. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from the offices of:

Goldman, Sachs & Co.

Attn: Prospectus Department

200 West Street

New York, NY 10282

Telephone: 1-866-471-2526

Fax: 1-212-902-9316

Email: prospectus-ny@ny.email.gs.com

J.P. Morgan

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: 1-866-803-9204

Citigroup

Attn: Prospectus Department

Brooklyn Army Terminal

140 58th Street, 8th Floor

Brooklyn, NY 11220

Telephone: 1-800-831–9146

Email: batprospectusdept@citi.com

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

C&J Energy Services, Inc. is an independent provider of hydraulic fracturing and coiled tubing services with a focus on complex, technically demanding well completions. The Company has historically operated in South Texas, East Texas/North Louisiana and Western Oklahoma.

Investor Contacts
C&J Energy Services, Inc.
Danielle Hunter, Senior Counsel
dhunter@cjenergy.com
(713) 260-9900

 

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