(Source: Shutterstock.com)
Gulfport Energy Corp. announced an offer for $500 million aggregate principal amount of senior notes due 2029, according to a Sept. 3 press release.
Gulfport said the notes are expected to be unconditionally guaranteed by the company.
Gulfport also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
Gulfport intends to use the net proceeds from the offering, together with cash on hand and available borrowings under its credit facility, to purchase the 2029 notes pursuant to the tender offer and to pay any related premiums and expenses.
Recommended Reading
Tellurian’s Dismissed Founder Souki Builds Woodside Stake After Deal
2024-09-10 - U.S. LNG export developer Charif Souki spoke to Hart Energy post-ousting from his second LNG company, Tellurian Inc. He’s buying shares in Tellurian’s buyer, Woodside Energy.
E&P Highlights: Sept. 9, 2024
2024-09-09 - Here’s a roundup of the latest E&P headlines, with Talos Energy announcing a new discovery and Trillion Energy achieving gas production from a revitalized field.
US Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine
2024-09-09 - Francine is moving toward U.S. Gulf of Mexico waters and predicted to become the fourth hurricane of the Atlantic season.
Beth McDonald Appointed SM Energy COO
2024-09-09 - Beth McDonald joins SM Energy as its new executive vice president and COO, bringing with her about 20 years of experience as an executive at Pioneer Natural Resources.
Court Petitioned to Intervene in Calcasieu Pass 2 LNG Project
2024-09-09 - The D.C. Circuit is to consider the case for Venture Global's Calcasieu Pass 2 LNG facility in Louisiana.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.