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Gulfport Energy Corp. announced an offer for $500 million aggregate principal amount of senior notes due 2029, according to a Sept. 3 press release.
Gulfport said the notes are expected to be unconditionally guaranteed by the company.
Gulfport also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
Gulfport intends to use the net proceeds from the offering, together with cash on hand and available borrowings under its credit facility, to purchase the 2029 notes pursuant to the tender offer and to pay any related premiums and expenses.
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