Finance - Buy Backs
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.
The offer is scheduled to close July 18, the company said.
Finance - Debt
The company closed a senior secured revolving credit facility and a public offering of senior secured notes.
The advance under the credit facility was provided through lender Maximilian Resources LLC, the company said.
The facility will fund the two-well horizontal drilling program in the Big Valley Formation in the Alberta Bakken, the company said.
The net proceeds resulting from the offering will be used to reduce bank indebtedness and for general corporate purposes.
Finance - Equity
Houston-based Vinson & Elkins was the legal adviser to Riverstone and Barclays Natural Resource Investments.
There was $50 million in total proceeds, the company noted.
Gross proceeds to the company are expected to be approximately $18.375 million.
The net proceeds received by Rice from the sale of 7,500,000 shares of its common stock were approximately $196.3 million.
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