Finance - Buy Backs
Despite the recent commodity price volatility, the company remains confident in its ability to maintain distributions, CEO says.
The Houston company enacted the program to allow to quickly and efficiently take advantage of any share price volatility in the future.
The offer was funded through proceeds from the parent company’s completed Nov. 14 issuance of $3 billion in senior notes.
The buyback is scheduled to close March 31, 2016, Eagle Rock said.
Finance - Debt
The loan will mature seven years after closing.
The sale is scheduled to settle Jan. 23.
In April, lenders will recalculate the value of properties that energy companies staked as loan collateral, Bloomberg said.
The offering is in connection with its proposed merger with Atlas Pipeline Partners.
Finance - Equity
The offer is scheduled to close Jan. 27.
Each share represents 1% of a share of CorEnergy’s new Series A cumulative redeemable preferred stock.
All proceeds will partly repay borrowings under the $4.5 billion, 364-day bridge term loan facility.
The offering is scheduled to close Jan. 26.
Finance - Redemptions
The redemption price will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25.
The notes will be redeemed on Oct. 23, the company said.
They will be redeemed on June 26, Range said.
The redemption price will be 103.813% of the notes’ principal amount, plus accrued and unpaid interest, NRG said.
Finance - Restructuring
David C. Baggett is managing partner of Opportune LLP, which Endeavour is working with during a financial restructuring, the company said.
The restructuring will "bolster liquidity," said Anthony C. Schnur, CEO.
As a result of the previously announced restructuring, Lone Pine whittled long term debt to CA $90 million, down from CA $395 million, the company said.
The name change and receipt of the stock symbol end the Dec. 9, 2013 asset purchase agreement between Bering Exploration and Breitling Oil and Gas Corp., the company said.