Finance - Buy Backs
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.
The program will be in place for 36 months, the company said.
Finance - Debt
The facility provides a significant amount of liquidity while offering great optionality to take advantage of current market conditions.
Estimated capital costs for the proposed liquefaction project of $11.5 billion to $12.0 billion.
The trust is currently only $103 million drawn on its facility and is in full compliance with all covenants.
In addition, the Denver-based company’s borrowing base was maintained at $2.4 billion following its recent issuance of $600 million of senior notes.
Finance - Equity
Firm’s war chest replenished with $1.5 billion after third private placement since 2007.
Rice Energy, based in Canonsburg, Pa., will own the general partner of Rice Midstream and all of its incentive distribution rights.
The commitments for Fund VII have been provided by 93 limited partners.
Since launching in 2013, Tailwater has raised more than $1.4 billion across three funds.
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.