Attached files
file | filename |
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8-K - FORM 8-K - C&J Energy Services, Inc. | h83895e8vk.htm |
EX-1.1 - EX-1.1 - C&J Energy Services, Inc. | h83895exv1w1.htm |
EX-99.1 - EX-99.1 - C&J Energy Services, Inc. | h83895exv99w1.htm |
Exhibit 99.2

August 3, 2011
C&J Energy Services, Inc. Completes Initial Public Offering
HOUSTON, TEXAS, August 3, 2011 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.
|
J.P. Morgan | |
Attn: Prospectus Department
|
c/o Broadridge Financial Solutions | |
200 West Street
|
1155 Long Island Avenue | |
New York, NY 10282
|
Edgewood, NY 11717 | |
Telephone: 1-866-471-2526
|
Telephone: 1-866-803-9204 | |
Fax: 1-212-902-9316 |
||
Email: prospectus-ny@ny.email.gs.com |
Citigroup
Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, NY 11220
Telephone: 1-800-8319146
Email: batprospectusdept@citi.com
Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, NY 11220
Telephone: 1-800-8319146
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
C&J Energy Services, Inc.
Danielle Hunter, Senior Counsel
dhunter@cjenergy.com
(713) 260-9900