Finance - Buy Backs
The company financed the buyback through its secured credit facility, Lighstream said.
All the original notes were validly tendered, the company said.
The offer is scheduled to close July 18, the company said.
Finance - Debt
The net proceeds resulting from the offering will be used to reduce bank indebtedness and for general corporate purposes.
The 7.75% notes are due 2020, the company said.
The borrowing base was increased by $25 million, the company said.
Finance - Equity
The net proceeds received by Rice from the sale of 7,500,000 shares of its common stock were approximately $196.3 million.
The new equity will support development of the Shenandoah and Coronado areas in the deepwater Gulf of Mexico, the company said.
RSP sold about 4.8 million shares, while the selling stockholders sold about 6.7 million shares, the company added.
The financing will result in US$1.5 million in proceeds, the company said.
Finance - Redemptions
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.
Payments pursuant to the redemption are scheduled to be made April 28, the company added.
Additional equity came from Rock Oil’s management team, the company added.
Finance - Restructuring
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.
The Bank nominated Forth Worth-based Southwest Bank as successor