CARBO Establishes “At-the-Market” Program to Offer Common Stock

July 28, 2016

Cleary Gottlieb represented CARBO Ceramics Inc. in establishing an “at-the-market” program for sales of up to $75 million aggregate principal amount of its common stock.

Under the program, shares of common stock will be offered over a period of time and from time to time through Cowen and Company, acting as sales agent, in accordance with the terms of the sales agreement between Carbo and Cowen. The program launched on July 28, 2016.

Carbo is an oilfield services technology company that primarily provides production-enhancement products and services to the oil and natural gas industry. Carbo’s primary business consists of manufacturing and selling proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells.