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.
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