Finance - Buy Backs
The buyback is scheduled to close March 31, 2016, Eagle Rock said.
The program will be in place for 36 months, the company said.
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.
Finance - Debt
The borrowing base will be increased to $650 million from $362.5 million, effective immediately.
The deal adds roughly 30% of reserves to the company’s 19.1 MMboe.
The Denver-based partnership intends to use the net proceeds to repay borrowings.
The company intends to use proceeds from the placement for Illinois Basin development.
Finance - Equity
CorEnergy intends to use the net proceeds for the acquisition of the ownership and operations of the MoGas Pipeline System.
The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of common stock.
The shares to be sold in the offering will be sold by certain entities controlled by Wexford Capital LP and by Gulfport Energy Corp.
Net proceeds will fund part of the purchase price for the Eastern Shelf acquisition in the Permian Basin.
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.