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Gulfport Energy (GPOR) has shared an update.
Gulfport Energy Corporation has launched a private offering of $500 million in Senior Notes due 2029, targeting qualified institutional buyers and international investors. Alongside this, a cash tender offer is underway to buy back all outstanding 8.0% Senior Notes due 2026. These strategic financial maneuvers are accompanied by plans to amend the company’s revolving credit facility, aiming to increase available commitments, extend its maturity, lower pricing, and allow a higher leverage ratio. While these ambitious plans suggest a proactive approach to managing Gulfport’s capital structure, they are subject to various market and regulatory conditions, and there is no guarantee they will proceed as anticipated.
See more insights into GPOR stock on TipRanks’ Stock Analysis page.
