FX.co ★ Gulfport Energy Announces Pricing Of Upsized Offering Of $650 Million Of Senior Notes

Gulfport Energy Corp. (GPOR) has announced the pricing of $650 million in aggregate principal amount of 6.75% Senior Notes due 2029. These notes will be sold in a private placement to purchasers at 100% of their par value, with accrued interest starting from September 13.

The company plans to use the proceeds from this offering to repurchase any or all of its outstanding 8.0% Senior Notes due 2026 and to redeem the remaining notes on or before May 17, 2025.

The transaction is scheduled to close on September 13, 2024.