Post Tagged with: "corporate finance"
WPX Announces Conversion of Mandatory Convertible Preferred Stock
WPX Energy (NYSE: WPX) today announced the expected conversion rate for the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock issued on July 22, 2015.
WPX has approximately 4.8 million shares of preferred stock outstanding. Holders of the preferred …
Comstock Resources Announces Pricing of $850 Million Private Offering of Senior Unsecured Notes
Comstock Resources, Inc. (NYSE: CRK) announced today that its wholly-owned subsidiary, Comstock Escrow Corporation, has priced its previously announced offering of $850 million in aggregate principal amount of 9.75% new senior unsecured notes due 2026. The Senior Notes will bear …
Chaparral Energy Transferring Stock Listing to the New York Stock Exchange
Chaparral Energy, Inc. (OTCQB:CHPE) announced it will be transferring its stock exchange listing for its Class A common stock from the OTCQB market to the New York Stock Exchange (NYSE) effective July 24, 2018 and will begin trading under the …
Northern Oil and Gas Reduces $9.9 Million of Par Value Notes
Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it has entered into an additional independent, separately negotiated exchange agreement with an institutional holder of its 8% senior unsecured notes due 2020. The agreement represents a debt reduction …
Magnolia Announces Private Offering of $400 Million Senior Unsecured Notes
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., each a consolidated subsidiary of TPG Pace Energy Holdings Corp. (NYSE: TPGE, TPGE.U, TPGE WS), announced today the pricing of their previously announced private offering of $400 …
Ascent Resources Acquires $477 Million of Natural Gas and Oil Leasehold Interests, Fee Minerals and Related Assets
Ascent Resources, LLC announced that it has completed the previously announced acquisition of natural gas and oil leasehold interests, fee minerals and related assets from Utica Minerals Development, LLC for a total purchase price of approximately $477 million, consisting of …
Parker Drilling Implements Reverse Stock Split
Parker Drilling Company (NYSE: PKD) announced today that its Board of Directors has voted to implement a previously-approved reverse stock split and adopt a short-term shareholder rights plan.
Reverse Stock Split
The reverse stock split at a ratio of 1 …
Comstock Resources, Inc. Announces $850 Million Private Offering of Senior Unsecured Notes Due 2026
Comstock Resources, Inc. (NYSE: CRK) announced today that, subject to market and other conditions, its wholly-owned subsidiary Comstock Escrow Corporation intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of …
Continental Resources to Redeem $400 Million of 5% Senior Notes
Continental Resources, Inc. (NYSE: CLR) announced today that it will redeem $400 million in aggregate principal amount, representing approximately 20% of the $2.0 billion in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022. The redemption price …
Transocean Pontus to Offer $600 Million in Senior Secured Notes
Transocean Ltd. (NYSE:RIG) announced today that Transocean Pontus Limited, a wholly owned indirect subsidiary of Transocean, commenced a private offering of senior secured notes. Transocean Pontus intends to offer U.S. $600 million in aggregate principal amount of senior secured notes …
DCP Midstream Operating to Redeem $450 Million of its 9.75% Senior Notes
DCP Midstream, LP (NYSE:DCP) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP, plans to redeem all of its 9.75% senior notes due March 15, 2019 (CUSIP Nos.: 23311R AC0 and U24019 AC2) of which an aggregate principal …
NGL Energy Partners Sells Remainder of Retail Propane Business for $900 Million
NGL Energy Partners LP (NYSE:NGL) today announced that it has closed the previously announced transaction to sell the remainder of its Retail Propane business to Superior Plus Corp. (TSX:SPB) for $900 million in cash proceeds, adjusted for working capital.
In …
Whiting Petroleum Announces Extension of the Exchange Offer for its 6.625% Senior Notes
Whiting Petroleum Corporation (NYSE: WLL) today announced that it has extended its offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered 6.625% Senior Notes due 2026 (the “Original Notes”) issued December 27, 2017, for new, registered 6.625% Senior …
Icahn Cuts Stake in Cheniere Energy, Remains Confident in Management
From Reuters
Activist investor Carl Icahn said on Thursday he had reduced his stake in liquefied natural gas exporter Cheniere Energy Inc (LNG.A) to 9.5 percent, but added that he was confident in the company’s management and Chief Executive Officer …
Northern Oil and Gas Announces Acquisition and Debt Reduction
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into a definitive agreement to acquire producing assets in the Williston Basin of North Dakota. Separately, Northern has entered into another negotiated exchange agreement with an …
Chaparral Energy Prices $300 Million Offering of Senior Notes
Chaparral Energy, Inc. (OTCQB:CHPE) announced today it has priced $300 million of 8.750% senior unsecured notes due 2023. The company intends to use the net proceeds from the offering to pay down the outstanding balance of its revolving credit facility …
Canacol Energy Operations Update and Disposal of Colombian Oil Assets
Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) is pleased to provide the following exploration, gas and oil sales, and Corporate update.
Breva 1 Gas Exploration Well
VIM 21 Exploration and Production Contract
CNE Oil and Gas S.A.S, …
Frontera Closes $350 Million Senior Unsecured Notes Offering
Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company”), announced today that it completed its previously announced offering of U.S.$350 million in senior unsecured notes due 2023 at a coupon rate of 9.70% (the “Notes”).
Richard Herbert, Chief Executive Officer …
ONEOK Announces $1.25 Billion Notes Offering
ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $1.25 billion of senior notes, consisting of $800 million of 10-year senior notes at a coupon of 4.55 percent and $450 million of 30-year senior notes …
Northern Oil and Gas $22.8 Million Stock for Notes Exchange
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into two additional independent, separately negotiated exchange agreements with institutional holders (the “Investors”) of its 8% senior unsecured notes due 2020 (the “Notes”). Together the new …
WaterBridge Secures $200 Million, Staffs Up
WaterBridge Resources LLC announced today that its subsidiary WaterBridge Operating LLC has entered a $200 revolving credit facility led by SunTrust Bank. This will further add to the $500 million acquired from Five Point Energy LLC, bringing WaterBridge Resources committed …
Tourmaline Oil Corp. Announces Election of Directors and Quarterly Dividend
From Canada NewsWire
Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce that the nominees listed in its information circular dated April 20, 2018 were elected as directors of Tourmaline at its annual and special meeting …
Double Eagle III’s Wingspan Covers $1 Billion
Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: …
Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering
Marathon Petroleum Corp. (ticker: MPC) earned $2.02 billion, or $4.09 per diluted share, in Q4 2017. This is significantly more than in Q4 2016, where the company had earnings of $227 million, or $0.43 per diluted share. FY 2017 earnings …
Manitok Energy Announces Brokered Private Placement
Manitok Energy Inc. Announces Brokered Private Placement of Up to $20 Million
Manitok Energy Inc. (ticker: MEI) has entered into a letter agreement with syndicate of agents co-led by Integral Capital Markets, a division of Integral Wealth Securities Limited and …
