By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – HighPeak Energy, Inc. priced a $225 million private placement of 10% senior notes due 2024, according to a news release.
The company plans to use the proceeds to fund its 2022 development drilling program, pay off the outstanding debt under its revolving credit agreement and pay related fees and expenses.
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.
| Issuer: | HighPeak Energy, Inc.
|
| Amount: | $225 million
|
| Issue: | Senior notes
|
| Maturity: | 2024
|
| Coupon: | 10%
|
| Pricing date: | Feb. 9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
