Goodrich Petroleum Corp. - 2015-09-25
Description
Entered into agreements to retire about $158.2 million of its outstanding senior notes due 2019 in exchange for $75 million of its second lien senior secured notes due 2018 and additional warrants to acquire 6 million shares of common stock at an exercise price of $1 per share. About $116.8 million of the existing notes will remain outstanding with terms unchanged. The exchange is expected to close on Oct. 1.