Exploration & Production | Operational Updates | Top Story | Quarterly / Earnings Reports | Production | Fourth Quarter (4Q) Update | Reserves
Goodrich Tags 6.3 Bcfe in Production; Talks Revised Budget
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Goodrich Petroleum Corporation announced financial and operating results for the year and fourth quarter ended December 31, 2014.
Highlights: The Company has entered into a definitive purchase agreement for the issuance and sale of $100 million aggregate principal amount of 8% senior secured notes due 2018, together with warrants to purchase up to 4.88 million shares of the Company's common stock at an exercise price of $4.66 per share, a 10% premium to yesterday's closing stock price. The Company has increased its liquidity and has the ability to issue an additional $75 million aggregate principal amount of the Second Lien Notes in the future. The Company's first lien credit facility maturity has been extended toFebruary 2017, the covenants amended to provide additional flexibility and…Finish this article — free account or subscription
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