OKLAHOMA CITY, Oct. 17, 2012 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) ("Gulfport") today announced that it has completed 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 closed on October 17, 2012. On the closing date, Gulfport repaid outstanding indebtedness under its senior secured revolving credit facility with a portion of the net proceeds of the offering. Gulfport intends to use the remaining net proceeds for general corporate purposes, including the funding of a portion of its 2012 and 2013 capital development plans.
Gulfport Energy Corporation Completes Offering Of $250 Million Of Senior Notes Due 2020
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