HOUSTON--(BUSINESS WIRE)--May. 7, 2013--
Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced
that it has commenced a registered underwritten public offering of
50,000,000 shares of its common stock, all of which will be offered by
selling stockholders that are affiliates of First Reserve, Goldman,
Sachs & Co., Riverstone Holdings LLC, The Carlyle Group, and KERN
Partners Ltd. The underwriter of this offering has been granted an
option, exercisable within 30 days, to purchase up to an additional
7,500,000 shares of common stock from the selling stockholders on the
same terms and conditions. Cobalt will not receive any of the proceeds
from the sale of the shares of common stock.
Citigroup is acting as the underwriter of the offering.
Cobalt has filed a registration statement (including a prospectus) with
the Securities and Exchange Commission, or SEC, for the offering to
which this communication relates. Before you invest, you should read the
prospectus in that registration statement, the prospectus supplement to
which this offering relates and the other documents incorporated by
reference therein which Cobalt has filed with the SEC for more complete
information about Cobalt and the offering. You may get these documents
for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies may be obtained from Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(telephone: 800-831-9146 or email: firstname.lastname@example.org).
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, 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
Cobalt is an independent oil exploration and production company focusing
on the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon in
West Africa. Cobalt was formed in 2005 and is headquartered in Houston,
This press release includes “forward-looking statements” within the
meaning of the safe harbor provisions of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934 —
that is, statements related to future, not past, events. Forward-looking
statements are based on current expectations and include any statement
that does not directly relate to a current or historical fact. In this
context, forward-looking statements often address Cobalt’s expected
future business and financial performance, and often contain words such
as “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other
similar words. These forward-looking statements involve certain risks
and uncertainties that ultimately may not prove to be accurate. Actual
results and future events could differ materially from those anticipated
in such statements. For further discussion of risks and uncertainties,
individuals should refer to Cobalt’s SEC filings. Cobalt undertakes no
obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after this press
release, other than as required by law. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements are
qualified in their entirety by this cautionary statement.
Source: Cobalt International Energy, Inc.
Cobalt International Energy, Inc.
A. Smith, 713-579-9141
Vice President, Investor Relations and
Lynne L. Hackedorn,
Vice President, Government and Public Affairs