By Wendy Van Sickle
Columbus, Ohio, Dec. 12 – HighPeak Energy, Inc. placed a $25 million private placement of 10.625% two-year senior notes, according to an 8-K filing with the Securities and Exchange Commission.
The notes are redeemable on or after Nov. 15, 2023 at par. They are callable before then at a make-whole amount.
The company plans to use proceeds for general corporate purposes.
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.
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| Amount: | $25 million
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| Issue: | Senior notes
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| Maturity: | November 2024
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| Coupon: | 10.625%
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| Call option: | At par after one year; prior to then at a make-whole amount
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| Settlement date: | Dec. 12
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