OKLAHOMA CITY, Oct. 12, 2012 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) ("Gulfport") today announced that it has priced an offering of $250 million aggregate principal amount of its 7.750% Senior Notes Due 2020 (the "Notes") at an issue price of 98.534% of the aggregate principal amount of the Notes. The Notes will mature on November 1, 2020, unless redeemed in accordance with their terms prior to such date. The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The offering of the Notes is expected to close on October 17, 2012. Gulfport intends to use the net proceeds of the offering to repay Gulfport's outstanding indebtedness under its senior secured revolving credit facility and for general corporate purposes, including the funding of a portion of its 2012 and 2013 capital development plans.
Gulfport Energy Corporation Prices $250 Million Of Senior Notes Due 2020
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