Ultra Petroleum Corp.
Description
Ultra Petroleum Corp. announced that its wholly owned subsidiary, Ultra Resources Inc., has commenced a private offer to exchange its outstanding 7.125% senior notes due 2025 for up to $90 million aggregate principal amount of its new 9% cash / 2.5% PIK senior secured third lien notes due 2024, upon the terms and subject to the conditions set forth in the confidential offering memorandum dated May 9, 2019 and related letter of transmittal.