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

  emailEmail
  Back to Financing Database

Lonestar Resources Repurchases Unsecured Notes to Lower Debt


Lonestar Resources US, Inc. continues to bring down long term debt:

  • long-term debt of $319.5 million at June 30, 2016
  • long-term debt of $284.4 million at September 30, 2016
  • repurchased a total of $68.2 million of its Unsecured Notes September 30, 2016

Financed with the issuance of $38.0 million of Second Lien Notes and, subject to the final approval of a majority of Lonestar's outstanding stockholders, the issuance of 222,821 shares of Class A common stock at a price of $9.26 per share.

Announced Date
October 05,2016
Value  ( $MM )
68
Type
Debt
Use of Fund
Debt Reduction
Company
Lonestar Resources Ltd.
Regions
United States
Country
United States

Contacts
Lonestar Resources Ltd.
Barry D Schneiger
COO
Fort Worth ,Texas ,76102

Douglas W Banister
CFO
Fort Worth ,Texas ,76102

Frank D Bracken III
CEO
Fort Worth ,Texas ,76102

Jana Payne
VP Geoscience
Fort Worth ,Texas ,76102

Tom H Olle
Sr VP Operations
Fort Worth ,Texas ,76102