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HighPeak Energy to repay two series of senior notes due 2024
By Mary-Katherine Stinson
Lexington, Ky., Sept. 15 – HighPeak Energy, Inc. plans to repay all of its outstanding 10% senior notes due February 2024 and its 10.625% senior notes due November 2024, according to an 8-K filing with the Securities and Exchange Commission.
Notices of redemption were issued on Sept. 1.
The notice stated the notes would be redeemed on Sept. 14 or no later than Oct. 31.
The redemption price of the February 2024 notes will be par plus accrued interest. The November 2024 notes will also be redeemed at par plus the applicable premium, calculated as the present value on Sept. 14 of all required interest payments through Nov. 15.
Based in Fort Worth, HighPeak Energy is an independent oil and natural gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves.
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