Goodrich Petroleum Corp. - 2015-09-25

Expects to enter into new amendments to its credit agreement and its existing second lien senior secured notes due 2018. Proceeds will allow for the contemplated transaction, to incur a new third lien debt basket for additional exchanges of notes up to $50 million, and the reduction of its borrowing base to $75 million from $105 million. As a result, its outstanding debt will reduce by about $83.2 million, which will decrease its annual interest expenses.