Finance - Buy Backs
Payments for repurchased shares will be funded through working capital, Sandridge said.
Consol will use the net proceeds to buy back up to $200 million, in principal amount, of its 8.25% notes due 2020.
The company financed the buyback through its secured credit facility, Lighstream said.
All the original notes were validly tendered, the company said.
Finance - Debt
A 'transformative series of transactions' includes 'agreements with several undisclosed buyers to sell the majority of its Powder River Basin acreage.'
It replaced the $5 million facility, the company added.
The borrowing base was increased by 75%, to $35 million, the company said.
The offer is scheduled to close Sept. 12, the company added.
Finance - Equity
Enbridge Energy Co. Inc. would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline.
Net proceeds will repay all outstanding revolving credit facility borrowings, fund drilling and development and support general corporate purposes, the company said.
The offer is scheduled to close Sept. 19, the company noted.
The stock will list on the New York Stock Exchange under the symbol "VEI," 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
Hart Energy Events
9/15/14Conference: DUG Eagle Ford - The Extraordinary Expanse of the Eagle Ford: A Play Like No Other
10/16/14Conference: Offshore Executive Conference - The Gulf of Mexico Renaissance
11/10/14Conference: Executive Oil Conference - Platinum Performance in the Permian Basin
11/20/14Conference: North American LNG Exports - Expanding Beyond the Gulf Coast