Sable Offshore announces $200M common stock offering

Sable Offshore (SOC) Corp. announced the commencement of an underwritten public offering of $200M of shares of its common stock, by the company. The company intends to use net proceeds of the offering for capital expenditures, working capital purposes and general corporate purposes. J.P. Morgan, Jefferies and TD Cowen are acting as joint book-running managers and representatives of the underwriters of the proposed offering.