Gulfport Energy Corp. (NASDAQ: GPOR) offered $300 million, in aggregate principal amount, of senior notes, the company said Aug. 13.
The 7.75% notes are due 2020, the company said.
The net proceeds will repay outstanding secured revolving credit facility borrowings, and also support general corporate purposes. These include its 2014 and 2015 capital development plans, Gulfport added.
Oklahoma City-based Gulfport Energy Corp. explores and produces domestic oil and natural gas.
Recommended Reading
How Diversified Already Surpassed its 2030 Emissions Goals
2024-04-12 - Through Diversified Energy’s “aggressive” voluntary leak detection and repair program, the company has already hit its 2030 emission goal and is en route to 2040 targets, the company says.
BKV CEO Chris Kalnin says ‘Forgotten’ Barnett Ripe for Refracs
2024-04-02 - The Barnett Shale is “ripe for fracs” and offers opportunities to boost natural gas production to historic levels, BKV Corp. CEO and Founder Chris Kalnin said at the DUG GAS+ Conference and Expo.