Goodrich Petroleum buys back $123 million 3.25% convertibles due 2026

By Marisa Wong

Madison, Wis., March 4 - Goodrich Petroleum Corp. said it repurchased $123 million of its outstanding 3.25% convertible senior notes due 2026.

The notes were purchased in a privately negotiated transaction at 101.25 plus accrued interest for $126 million.

The repurchase was made using proceeds from the company's recent offering of 8.875% senior notes due 2019.

Jefferies & Co., Inc. acted as financial adviser for the repurchase.

Goodrich is a Houston-based independent oil and gas exploration and production company.

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