Laredo Petroleum Plans Stock Offering to Repay Debt
Laredo Petroleum, Inc. is offering 9,500,000 shares of its common stock.
With a share price of ~$11.63 , proceeds will be ~$110.5 million.
The Company intends to use the net proceeds from the sale of the shares of common stock to repay borrowings under its senior secured credit facility.
Credit Suisse Securities (USA) LLC is acting as lead book-running manager for the offering.
Announced Date
May 10,2016
Value ( $MM )
110.5
Type
Equity-Stock-Sales
Use of Fund
Debt Reduction
Company
Laredo Petroleum Inc.
Underwriter
/Book Runner
/Book Runner
Credit Suisse
Regions
United States
Country
United States
United States Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2022-08-10 | Tidewater Inc. Prices $62.8 Million Public Stock Offering | Tidewater Inc. | 62.8 | Equity-Stock-Sales |
| 2021-03-18 | Par Pacific Taps Equity Markets for $80 Million | Par Pacific Holdings | 80 | Equity-Stock-Sales |
| 2021-03-08 | Cactus Inc. Stockholders Selling 5.5 Million Shares | Cactus Inc | 212 | Equity-Stock-Sales |
| 2020-06-10 | Brigham Minerals Prices $90MM Public Stock Offering | Brigham Minerals Inc. | 90.75 | Equity-Stock-Sales |