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EX-5.1 - EX-5.1 - NEXTIER OILFIELD SOLUTIONS INC.d668229dex51.htm
EX-1.1 - EX-1.1 - NEXTIER OILFIELD SOLUTIONS INC.d668229dex11.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 3, 2018

 

 

Keane Group, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-37988   38-4016639
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

1800 Post Oak Boulevard, Houston, Texas   77056
(Address of Principal Executive Offices)   (Zip Code)

(571) 722-0210

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 1.01

Entry into a Material Definitive Agreement

Underwriting Agreement

On December 3, 2018, Keane Group, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC (the “Underwriter”) and Keane Investor Holdings LLC (the “Selling Stockholder”), relating to the underwritten offering of 5,251,249 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Offering”). All of the Shares are being sold by the Selling Stockholder. The Underwriter has agreed to purchase the Shares from the Selling Stockholder pursuant to the Underwriting Agreement at a price of $10.66 per share. In addition, pursuant to the Underwriting Agreement, the Company has agreed to purchase from the Underwriter 520,000 shares of common stock being sold by the Selling Stockholder to the Underwriter, at a price per share equal to the price being paid by the Underwriter to the Selling Stockholders, resulting in an aggregate purchase price of $5,543,200 (the “Share Repurchase”). The Company intends to fund the Share Repurchase with cash on hand.

The Offering is being made only by means of a prospectus. An automatic shelf registration statement (including a prospectus) relating to the offering of common stock was filed with the Securities and Exchange Commission (“SEC”) on February 2, 2018, and became effective upon filing (Registration No. 333-222831) (the “Registration Statement”). A prospectus supplement relating to the Offering was filed with the SEC on December 6, 2018. The closing of the Offering and the Share Repurchase is expected to take place on December 6, 2018, subject to the satisfaction of customary closing conditions. A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K.

 

Item 8.01

Other Events

Schulte Roth & Zabel LLP, counsel to the Company, has issued an opinion to the Company, dated December 6, 2018, regarding the Shares to be sold in the Offering. A copy of the opinion is filed as Exhibit 5.1 to this Current Report on Form 8-K.

 

Item 9.01

Financial Statements and Exhibits

(d) Exhibits

 

Exhibit No.    Description
1.1    Underwriting Agreement, dated December 3, 2018, by and among the Company, the Underwriter and the Selling Stockholder.
5.1    Opinion of Schulte Roth & Zabel LLP
23.1    Consent of Schulte Roth & Zabel LLP (included in Exhibit 5.1 above)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KEANE GROUP, INC. (Registrant)

 

December 6, 2018    By:   

/s/ Kevin M. McDonald

   Name:    Kevin M. McDonald
   Title:    Executive Vice President, General Counsel & Secretary