0.31%QQQQ 43.45 
0.48%XLF 21.74 3.62%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
HOUSTON - Goodrich Petroleum Corp. late Tuesday priced its public offering of three million shares at $64 each, a slight discount to the stock's last closing price of $64.96.
| GDP | 45.26 |  0.07 |
Net proceeds, estimated at $183.9 million, will be used to pay off Goodrich's outstanding balance on its senior revolving credit facility.
The funds also will be used for general corporate purposes, including capital expenditures and expansion of its activities in the Haynesville Shale.
The offering is expected to close on July 14. The company has granted underwriters a 30-day option to purchase a maximum of 450,000 additional shares to cover over-allotments.
Goodrich currently has about 33.4 million shares outstanding.
J.P. Morgan Securities Inc. acted as sole book-running manager. Co-managers included Morgan Stanley & Co., Raymond James & Associates Inc., Deutsche Bank Securities Inc. and Howard Weil Inc., among others.
After presenting together at the MTV Movie Awards, Robert Pattinson, Kristen Ste...
India pledged Friday not to engage in a new arms race as talks continued in Vienna over whether to let the U.S. sell India nuclear material and t...
U.N. peacekeeping troops began handing out food and water to famished Haitians o...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
