Gulfport Energy Intends To Offer $500M Of Senior Notes Due 2029 In Private Placement
Portfolio Pulse from Benzinga Newsdesk
Gulfport Energy plans to offer $500 million of senior notes due in 2029 through a private placement. This move is likely aimed at raising capital for corporate purposes.
September 03, 2024 | 11:44 am
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Gulfport Energy is issuing $500 million in senior notes due 2029 through a private placement, likely to raise capital for corporate purposes.
The issuance of senior notes is a significant financial move for Gulfport Energy, indicating a strategy to raise capital. However, as this is a private placement, the immediate impact on stock price may be neutral unless further details on the use of proceeds are disclosed.
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