2023-06-12 16:34:30 ET
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HighPeak Energy ( NASDAQ: HPK ) said Monday it intends to offer $575 million in senior notes due 2028.
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Net proceeds from the offering will be used to repay all of the outstanding $475 million principal of its 10.000% senior notes due February 2024 and its 10.625% senior notes due November 2024.
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The proceeds will also be used to reduce its outstanding borrowings under its revolving credit facility and for general corporate purposes.
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The pricing terms of the notes were not disclosed.
For further details see:
HighPeak Energy proposes $575M senior notes offering