Gulfport Energy Repots Pricing Of Previously Announced Offering Of $650M, Upsized From $500M, Of 6.75% Senior Notes Due 2029 In Private Placement
Portfolio Pulse from Benzinga Newsdesk
Gulfport Energy has announced the pricing of an upsized offering of $650 million in 6.75% senior notes due 2029, increased from the previously announced $500 million, in a private placement.
September 03, 2024 | 9:22 pm
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Gulfport Energy has increased its offering to $650 million in 6.75% senior notes due 2029, indicating strong demand and potentially improved liquidity.
The upsizing of the offering from $500M to $650M suggests strong investor demand, which is a positive signal for Gulfport Energy's financial health and market confidence. The issuance of senior notes can improve liquidity and provide capital for growth or debt management.
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