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WildHorse Resource Development Corporation Announces Pricing of Upsized $350 Million Offering of Senior Notes

 January 27, 2017 - 4:02 PM EST

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WildHorse Resource Development Corporation Announces Pricing of Upsized $350 Million Offering of Senior Notes

WildHorse Resource Development Corporation (NYSE: WRD) announced today
the pricing of its previously announced private placement to eligible
purchasers of $350 million in aggregate principal amount of 6.875%
senior unsecured notes due 2025 at 99.244% of par. The offering is
expected to close on February 1, 2017, subject to customary closing
conditions.

WRD intends to use the net proceeds of approximately $340.4 million to
repay the borrowings outstanding under its revolving credit facility and
for general corporate purposes.

The securities to be offered have not been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any state
securities laws; and unless so registered, the securities may not be
offered or sold in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws. The notes
are expected to be eligible for trading by qualified institutional
buyers under Rule 144A and outside the United States pursuant to
Regulation S.

This press release is being issued pursuant to Rule 135c under the
Securities Act, and is neither an offer to sell nor a solicitation of an
offer to buy the notes or any other securities and shall not constitute
an offer to sell or a solicitation of an offer to buy, or a sale of, the
notes or any other securities in any jurisdiction in which such offer,
solicitation or sale is unlawful.

About WildHorse Resource Development

WildHorse Resource Development Corporation is an independent oil and
natural gas company focused on the acquisition, exploration, development
and production of oil, natural gas and NGL properties primarily in the
Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in
North Louisiana.

Cautionary Statement Concerning Forward-Looking Statements

This release includes “forward-looking statements” within the meaning
of federal securities laws. Such forward-looking statements are subject
to a number of risks and uncertainties, many of which are beyond WRD’s
control. All statements, other than historical facts included in this
release, are forward-looking statements. All forward-looking statements
speak only as of the date of this release. Although WRD believes that
the plans, intentions and expectations reflected in or suggested by the
forward-looking statements are reasonable, there is no assurance that
these plans, intentions or expectations will be achieved. Therefore,
actual outcomes and results could materially differ from what is
expressed, implied or forecast in such statements.

We caution you that these forward-looking statements are subject to
all of the risks and uncertainties, most of which are difficult to
predict and many of which are beyond our control, incident to the
exploration for and development, production, gathering and sale of oil
and natural gas. These risks include, but are not limited to, commodity
price volatility, inflation, lack of availability of drilling and
production equipment and services, environmental risks, drilling and
other operating risks, regulatory changes, the uncertainty inherent in
estimating natural gas and oil reserves and in projecting future rates
of production, cash flow and access to capital and the timing of
development expenditures.

WildHorse Resource Development Corporation
Luis Mier, (713) 255-9327
Director,
Investor Relations
ir@wildhorserd.com

Source: Business Wire
(January 27, 2017 - 4:02 PM EST)

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