Home > Boards > US Listed > Oil/Gas/Natural Energy Production > Laredo Petroleum (LPI)

Notes sold, the Company received net proceeds of

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
tdeck Member Profile
 
Followed By 89
Posts 3,816
Boards Moderated 0
Alias Born 01/13/18
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/3/2021 12:42:33 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/3/2021 12:40:57 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/3/2021 12:35:13 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/3/2021 12:33:22 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/3/2021 12:32:16 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/3/2021 12:26:52 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/3/2021 12:24:40 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/2/2021 8:02:27 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/2/2021 6:01:44 AM
Securities Registration: Employee Benefit Plan (s-8) Edgar (US Regulatory) - 5/24/2021 4:06:54 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/20/2021 4:38:24 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/11/2021 5:24:29 PM
Laredo Petroleum to buy EnCap energy assets in $715M cash and stock deal Seeking Alpha - 5/10/2021 7:09:01 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/10/2021 6:07:29 AM
Laredo Petroleum Announces Transformative Transactions GlobeNewswire Inc. - 5/9/2021 6:00:00 PM
Laredo Petroleum EPS misses by $0.31, beats on revenue Seeking Alpha - 5/5/2021 4:41:45 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/5/2021 4:34:16 PM
Laredo Petroleum Announces First-Quarter 2021 Financial and Operating Results GlobeNewswire Inc. - 5/5/2021 4:30:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/21/2021 4:36:26 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/6/2021 4:32:07 PM
Laredo Petroleum Schedules First-Quarter 2021 Earnings Release and Conference Call GlobeNewswire Inc. - 4/1/2021 4:15:00 PM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 4/1/2021 8:03:40 AM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 4/1/2021 8:02:04 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 3/10/2021 6:02:43 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/9/2021 5:09:29 PM
tdeck   Friday, 01/24/20 05:45:57 PM
Re: None
Post # of 108 
Notes sold, the Company received net proceeds of approximately $982 million from the offering, after deducting underwriting discounts and commissions and estimated offering expenses.


The Company will use the net proceeds from the Offering (i) to fund the Tender Offers for any or all of its Existing Notes, (ii) to fund the redemption of all outstanding Existing Notes that remain outstanding after completion or termination of the Tender Offers and (iii) for general corporate purposes, including repaying a portion of the borrowings outstanding under the Company’s senior secured credit facility.

Pending the potential use of the net proceeds from the Offering as described in items (i) and (ii) above, the Company may invest the net proceeds in short-term, liquid investments, at its discretion. Effective upon the closing of the Offering, the borrowing base under the Company’s senior secured credit facility was automatically reduced to approximately $950 million, subject to covenant compliance.

Debt sorted no need to think about that til 2025.

If they could just find two more oily properties selling for deep discounts like the first two, that would just be icing on the cake.

Peace out

Earnings in 2 weeks which as per the company beat all quarterly estimates, yearly top end estimates and raising 2020 guidance with proven reserves having been raised, free cash flow and EPS raised gonna be a hell of a year, love getting to load the beginning of a hike into the mountains.

Peace out.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences