Finance & Investing | Capital Markets
Ultra Funds Uinta Acquistion with Note Offering
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Update - December 6, 2013
Ultra Petroleum Corp. (UPL) today announced the pricing of its private placement of $450.0 million aggregate principal amount of 5.75% senior unsecured notes due 2018 at par.
The size of the offering was increased from the previously announced $400.0 million aggregate principal amount. The securities were offered pursuant to exemptions from registration under the Securities Act of 1933, as amended. The company expects to close the offering on December 12, 2013, subject to customary closing conditions.
Ultra intends to use the net proceeds to fund a portion of the purchase price of its recently announced Uinta Basin acquisition.
Initial Announcement - December 2, 2013Ultra Petroleum Corp. has announced that, subject to market conditions, the company intends to…
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