Finance - Buybacks

QEP Resources Prices $500 Million Debt Offering; Launches Redemption, Buyback

QEP Resources Inc. (NYSE: QEP) said on Nov. 6 it has priced an offering of $500 million aggregate principal amount of senior notes due 2026.

November 7, 2017

Baker Hughes Authorizes $3 Billion Share Buyback

Baker Hughes (NYSE: BHGE) said on Nov. 6 its board of directors has authorized Baker Hughes LLC, General Electric (GE) company, to repurchase up to $3 billion of its common units from BHGE and GE.

November 6, 2017

BP Revives Share Buybacks As Years Of Austerity Pay Off

BP Plc (NYSE: BP) will become the first major European oil and gas company to resume share buybacks since the 2014 price slump, a sign years of austerity have paid off.

October 31, 2017

Petrobras Launches Buyback For $2 Billion Of Debt

The bonds, which include notes maturing in Jan. 2019, March 2019, April 2019, Jan. 2020 and March 2020, have almost $10 billion outstanding worth of securities, Reuters reported.

January 9, 2017

Perpetual Energy Extends Maturity Date For Senior Note Exchange

Scotia Capital Inc. is the sole dealer manager and solicitation agent. Kingsdale Shareholder Services is the information agent and Computershare Investor Services Inc. is the depositary.

December 27, 2016

Devon Upsizes Maximum Tender Offers In Notes Buyback

The tenders will be funded through the net proceeds from previously completed asset sales and financing transactions, and will reduce outstanding debt.

August 18, 2016

EXCO Resources Opens Tender Offer For Notes Buyback

The consent solicitation will expire on August 9 and the tender offer will expire on Aug. 23.

July 28, 2016

Southwestern Energy Amends Tenders For Senior Notes Buyback

Credit Suisse Securities (USA) LLC and Mitsubishi UFJ Securities (USA) Inc. are the lead dealer managers, and D.F. King & Co. Inc. is retained as the tender agent and information agent.

July 15, 2016

Bill Barrett Undertakes Debt Exchange

Bill Barrett reduced the principal amount of the nearest term notes by 21% and net debt by 12%, noting that about $6.5million in annual interest will be saved.

June 3, 2016

Deep Down Announces $1 Million Share Repurchase Program

Ronald E. Smith, CEO, said the company is undervalued due to the current low oil price, but the company’s balance sheet is very strong, and operations should likely improve with its strong backlog.

May 23, 2016

WPX Opens Buyback For 2017 Senior Notes

The tender offer will expire April 29. Citigroup Global Markets Inc. is the dealer manager, and the information agent and tender agent is Global Bondholder Services Corp.

April 25, 2016

Anadarko Increases Amount Of Notes In Buyback To $1.25 Billion

Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are dealer managers, and the information agent and tender agent is D.F. King & Co. Inc.

April 22, 2016

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