Gulfport Energy Corp. (Nasdaq: GPOR) announced that it proposes to offer, subject to market conditions and other factors, $250 million aggregate principal amount of senior notes due 2020 to qualified institutional buyers.
Gulfport expects to use the net proceeds of the offering to repay outstanding indebtedness under its senior secured revolving credit facility and for general corporate purposes, including the funding of a portion of its 2012 and 2013 capital development plans.
Recommended Reading
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-21 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.