Gulfport Energy Corp. is paying down existing debts by issuing new senior notes in a private placement. (Source: Shutterstock)
Gulfport Energy Corp. has upsized by $150 million a private offering intended to pay existing debts by issuing new senior notes.
Gulfport’s wholly owned subsidiary Gulfport Energy Operating Corp. priced a private offering of $650 million aggregate principal amount of 6.75% senior notes due 2029, the Oklahoma City-based company announced Sept. 3.
The notes will mature on Sept. 1, 2029. The offering is expected to close on Sept. 13, 2024, subject to customary closing conditions.
RELATED
Recommended Reading
Endeavor Energy Founder Autry Stephens Dies at 86
2024-08-16 - Stephens created a legacy in the Permian Basin that Endeavor said will continue to shape the future of the company.
Superior Sees Executive Leadership Changes
2024-08-15 - Superior Energy Services’ president, CEO and chairman Brian Moore is retiring, and his roles are to be split between the two people succeeding him.
Pinnacle West Declares Quarterly Dividend
2024-06-19 - Pinnacle West Capital Corp.’s dividend is payable on Sept. 3 to shareholders of record as of the close of business on Aug. 1.
Two Ring Management Leaders Exit, Replacement Search Underway
2024-06-24 - Ring Energy is updating its management team following the departure of two senior executives.
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
2024-07-26 - Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
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.