Finance - Buy Backs
The Denver company said it has sufficient cash on hand to fund the purchase price of the notes.
Despite the recent commodity price volatility, the company remains confident in its ability to maintain distributions, CEO says.
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.
Finance - Debt
Antero Resources Corp. intends to offer $500 million in aggregate principal amount of senior unsecured notes.
EV Energy Partners LP entered into an amendment to its senior secured credit facility.
The company said it expects to finance the remainder of its 2015 capex budget with cash flow from operations and available capacity on its first lien credit facility.
Proceeds will be used to repay indebtedness, which may include amounts outstanding under the partnership’s commercial paper program and credit facility.
Finance - Equity
Oasis Petroleum Inc. commenced an underwritten public offering of 25 million shares of common stock.
ExxonMobil Corp. sold $8 billion of debt in its biggest bond offering ever.
The notes will bear interest at a rate of 4.25% per year and mature on March 15, 2045.
Newfield Exploration Co. announced the closing of its previously announced public offering.
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
About $32 million in second-lien financing was also part of the exit financing.
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.