Finance - Debt
Goodnight Midstream, a leading midstream water infrastructure company, recently expanded its revolving credit facility to $320 million.
Questerre Energy reported on June 4 that it has executed a letter of intent with a senior E&P company to settle outstanding litigation and acquire all their assets in the St. Lawrence Lowlands, Quebec.
A Kuwait Petroleum Corp.-owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a LNG import terminal, banking sources said on May 23.
Oasis Petroleum Inc. (NYSE: OAS) intends to offer $400 million in aggregate principal amount of senior unsecured notes due 2026 in a private placement to eligible purchasers.
The offering is expected to close on April 20, 2018.
Range CFO Roger S. Manny said the renewed and extended credit facility will support the development of the company's assets located in the Marcellus Shale and North Louisiana.
Comstock Resources Inc. has commenced tender offers for its outstanding senior secured notes and a buyback plan for its debt, the company said on April 2.
Tullow Oil Plc has priced its offering of $800 million aggregate principal amount of 7% senior notes due 2025.
ConocoPhillips has commenced a cash tender offer to purchase up to $400 million of its outstanding notes.
Now is a good time to jump in, say experts at Duff & Phelps conference—just be careful.
Under an amended plan, supported by 99% of its bank lenders and about 70% of unsecured creditors, Seadrill will raise $1.08 billion in new capital via the issuance of new secured notes and equity.
Five-year revolving credit in conjunction with closing of acquisitions of Alliance Petroleum and CNX Resources.