Finance

Finance - Buy Backs

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Goodrich Petroleum Opens Note, Stock Exchange Offers

Georgeson Inc. is the information agent and American Stock Transfer & Trust Co. LLC is the exchange agent. The offers will expire on Feb. 24.  

Erin Pedigo
Wed, 01/27/2016 - 09:38
Free

Denbury Cancels Exchange Offers For Senior Notes

Eligible holders of outstanding 6.375% senior subordinated notes due 2021, 5.5 notes due 2022 and 4.625% notes due 2023 would have exchanged for new 7.5% notes due May 15, 2022.

Erin Pedigo
Thu, 01/21/2016 - 11:51
Free

Rice Energy Extends Note Exchange Offer

The offer will now expire on Jan. 27, and all other terms remain unchanged. The company said that on Jan. 20, about $399 million in unregistered notes had been tendered.

Erin Pedigo
Thu, 01/21/2016 - 10:34
Free

Jones Energy Opens Exchange Offer For Senior Notes

The exchange offer for 9.25% senior notes due 2023 will expire on Feb. 11, unless extended, Jones said. Wells Fargo Bank NA is the exchange agent.

Erin Pedigo
Wed, 01/13/2016 - 09:55

Finance - Debt

Free

Linn Energy Considers Strategic Options After Exhausting Credit Facility

Linn Energy retained Lazard as its financial adviser and Kirkland & Ellis LLP as legal adviser. Baker Botts LLP will provide ongoing corporate and finance representation, Reuters said.

Erin Pedigo
Thu, 02/04/2016 - 17:33
Free

Rex Energy Corp. Opens Exchange Offer For Senior Notes

The offer is scheduled to expire on March 3. The early tender deadline is Feb. 17. The settlement date is scheduled for March 3.

Erin Pedigo
Thu, 02/04/2016 - 14:52
Free

Comstock Closes Exchange Offer Of Notes

Combined with open market debt repurchasing, Comstock has reduced long-term debt by $169.5 million since April 2015, saving a total of $15 million in annual interest. 

Erin Pedigo
Thu, 02/04/2016 - 14:45
Free

Kelly Appointed To Synergy Resources’s Board Of Directors

Lynn Peterson, CEO and chairman, said a $90 million equity commitment was completed, and that between cash and undrawn revolver there is more than $200 million in liquidity with no debt.

Erin Pedigo
Tue, 02/02/2016 - 10:57

Finance - Equity

Free

ION Geophysical Opens Reverse Stock Split

No fractional shares will be issued with the stock split. Computershare Investor Services is the transfer agent. The stock split became effective after Feb. 4’s market close.

Erin Pedigo
Fri, 02/05/2016 - 10:35
Free

Torrent Oil & Gas Forms Partnership With Natural Gas Partners

Greg Wachel and Henri deLaunay, formerly of Hilcorp Energy Co., lead the company. They have 30 years’ combined experience in acquiring and managing oil and natural gas fields. 

Erin Pedigo
Thu, 02/04/2016 - 17:55
Free

Hess Opens Offerings of Common, Depositary Shares

Net proceeds will strengthen the balance sheet and support general corporate purposes including long-term capital and the cost of capped-call transactions. Goldman Sachs & Co. is book-running manager.

Erin Pedigo
Thu, 02/04/2016 - 17:07
Free

PCORE II Receives $200 Million In Equity From NGP

PCORE II develops core unconventional oil in North America and is led by Mark Hiduke, David Hall, Colin O’Farrell and Billy Hannes. Previously, they led PCORE Exploration & Production LLC.

Erin Pedigo
Mon, 02/01/2016 - 10:42

Finance - Redemptions

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Tortoise Energy Infrastructure Will Redeem Series C Shares

The redemption represents a $50 million liquidation preference, and the redemption date is Jan. 8, 2016. The credit facilities funded the total price with Computershare, the paying agent and transfer agent, on Dec. 8. 

Erin Pedigo
Wed, 12/23/2015 - 11:35
Free

Federal Judge: CHK Noteholders Must Get $397.7 Million

A Manhattan federal judge ruled Chesapeake must pay bondholders an additional $379.7 million, after an appeals court ruled a series of senior notes was improperly redeemed at par, Bloomberg said.

Fri, 07/10/2015 - 16:01
Free

Encana Closes Bought Deal Offer

On April 6, the proceeds will redeem US$700 million in long-term debt that matures in 2017 and CA$750 million in long-term debt that matures in 2018. 

Mon, 03/16/2015 - 09:56
Free

Dominion Will Redeem 2009 Enhanced Junior Subordinated Notes

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.

Thu, 09/25/2014 - 09:33

Finance - Restructuring

Free

Hydrocarb Energy Retains Investment Bank As Refinancing Adviser

Kent P. Watts, chairman, added that Hydrocarb wants to enhance its current assets and leverage its P5 operator status in Texas.

Erin Pedigo
Wed, 01/20/2016 - 13:51
Free

Steel Pipe Maker Vallourec Considers Tougher Restructuring Plan

Vallourec, which gets two-thirds of sales' revenue from the oil and gas sector, has been trying to cut production capacity to cope with the downturn affecting its customers as energy prices fall.

Erin Pedigo
Fri, 01/15/2016 - 10:55
Free

RAAM Global Energy Retains Blackhill Partners As Restructuring Adviser

As the chief restructuring officer, Jim Latimer, managing director of Blackhill, will manage RAAM’s operations. Latimer said RAAM should emerge from bankruptcy with more capital available for drilling.

Erin Pedigo
Mon, 01/04/2016 - 15:32
Free

Involuntary Bankruptcies Are Viable Debt-collection Option

Since August, creditors have filed petitions for involuntary bankruptcy against three energy producers with nearly $2 billion in combined debt, Reuters said. The rare involuntary bankruptcy petitions target smaller companies.

Erin Pedigo
Wed, 12/23/2015 - 12:15