Rex Energy Announces Closing of 8.875% Senior Notes Exchange Offer

Rex Energy Corporation Logo

STATE COLLEGE, Pa., Oct. 31, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) (the "Company") today announced that it has completed its offer to exchange up to $350 million aggregate principal amount of its 8.875% Senior Notes due 2020, which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"), for up to $350 million of its outstanding 8.875% Senior Notes due 2020, which were previously issued in private placements (the "Private Notes").

The registered exchange offer, which expired at 5:00 p.m., New York City time, on October 28, 2013, fulfilled the Company's obligations regarding the registration of its outstanding Private Notes. Pursuant to registration rights agreements entered into by the Company in connection with the sale of the Private Notes, the Company agreed to file a registration statement with the Securities and Exchange Commission relating to the exchange offer and the Exchange Notes.

The Company received and accepted tenders of approximately 99.4% of the Private Notes that were outstanding. The Exchange Notes contain substantially identical terms to the Private Notes.

About Rex Energy Corporation

Rex Energy is headquartered in State College, Pennsylvania and is an independent oil and gas exploration and production company operating in the Appalachian and Illinois Basins within the United States.

Except for historical information, statements made in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are indicated by words such as "expected", "expects", "anticipates", "intends" and similar words. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the company's future performance are subject to a wide range of business risks and uncertainties, and there is no assurance that these goals and projections can or will be met. All forward-looking statements in this release are expressly qualified in their entirety by this cautionary statement. Any forward-looking statements in this release are made as of the date hereof, and we do not undertake any obligation to update any projections or forward-looking statements, except as may be required by law. Investors are also directed to other risks discussed in documents filed by us with the Securities and Exchange Commission.

CONTACT: For more information, please contact: Mark Aydin Manager, Investor Relations (814) 278-7249

Source:Rex Energy Corporation