Laredo Petroleum Inc.

Laredo Petroleum, Inc. has called for redemption all $500 million aggregate principal amount of the its' 7 3/8% senior notes due May 2022. The redemption is expected to be completed on Nov. 29. Laredo will utilize a portion of the proceeds from the company's sale of its interest in the Medallion - Midland Basin pipeline system to fund the redemption amount of approximately $521 million, which includes the redemption premium and accrued interest from Nov. 1 through Nov. 28. The redemption of the notes will reduce Laredo's annual interest costs by approximately $37 million.