Gulfport Energy to offer $500M notes due 2029, tender for $550M of 8% notes due 2026

GULFPORT ENERGY CORP

Offers $500M aggregate principal of Senior Notes due 2029 in private placement; guarantees by Gulfport and subsidiaries.
Commences cash tender offer for any and all of its $550M 8.0% Senior Notes due 2026; tender expires Sept 9, 2024.
Tender offer conditioned on completion of the debt financing (new notes offering); no minimum tender condition.
Net proceeds plus cash and credit facility to fund tender offer and redeem remaining notes by May 17, 2025 at par.
Also amending credit facility to increase commitments to $1B, extend maturity to 4 years, and lower pricing; not conditioned on offering.

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