Goodrich Petroleum Corp. (NYSE: GDP) announced the commencement, subject to market and other conditions, of an underwritten public offering of 12 million shares of its common stock. GDP expects to use net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.
J.P. Morgan Securities LLC will act as sole book-running manager for the offering. The offering will be made only by means of a prospectus, forming a part of GDP’s effective shelf registration statement, related prospectus supplement and other related documents.
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