Laredo Petroleum Inc.
Laredo Petroleum Inc., a Delaware corporation, intends, subject to market conditions, to publicly offer $450 million in aggregate principal amount of senior unsecured notes due 2025 and $450 million in aggregate principal amount of senior unsecured notes due 2028 in a registered underwritten offering for a total of $900 million.
The company intends to use the net proceeds of the offering, if completed, to refinance the company’s $450 million in aggregate principal amount of 5 5/8% senior unsecured notes due January 2022 and $350 million in aggregate principal amount of 6 1/4% senior unsecured notes due March 2023 through tender offers or, if applicable, redemptions, and to pay tender premiums and fees and the fees and expenses related to the offering and for general corporate purposes, including repaying a portion of the borrowings outstanding under the Company’s senior secured credit facility.