Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Finance & Investing | Fundraising | Capital Markets

Goodrich Prices Public Offering of Stock

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Monday,March 02,2015

Goodrich Petroleum Corporation announced the pricing of its public offering of 12,000,000 shares of the Company's common stock at $4.15 per share. The offering is expected to settle and close on March 5, 2015, subject to customary closing conditions.

The Company estimates that the net proceeds from the offering will be approximately $49.3 million, after deducting the estimated offering expenses. The Company intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.

J.P. Morgan Securities LLC is acting as sole book-running manager for this offering.


Related Categories :