debt
confidence high
sentiment positive
materiality 0.75
Gulfport issues $650M 6.75% notes due 2029, increases credit facility to $1.0B
GULFPORT ENERGY CORP
- Issued $650M aggregate principal amount of 6.750% Senior Notes due September 1, 2029.
- Credit facility elected commitments increased from $900M to $1.0B; borrowing base reaffirmed at $1.1B.
- Extension of credit facility maturity to four years from September 12, 2024.
- Lenders waived automatic borrowing base reduction linked to the new notes issuance.