PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 3:28 PM
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Slide #486. Goodrich Petroleum — Preferred Stock Offering
Company:
Goodrich Petroleum (GDP)
Date announced:
8/14/2013
Shares Offered:
4,800,000
Date of Pricing:
8/15/2013
Preferred Stock Offering Details:
Goodrich Petroleum Corporation (NYSE: GDP) (the "Company") today announced that it has commenced, subject to market and other conditions, an underwritten public offering of non-convertible, perpetual preferred stock through the issuance of depositary shares each representing a 1/1000th ownership interest in a share of the Company's Series D Cumulative Preferred Stock. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional depositary shares to cover over-allotments, if any. - 8/14/13 - Goodrich Petroleum Corporation (NYSE: GDP) (the "Company") today announced the pricing of its public offering of $120 million of non-convertible, perpetual preferred stock through the issuance of 4,800,000 depositary shares each representing a 1/1000th ownership interest in a share of the Company's non-convertible 9.75% Series D Cumulative Preferred Stock. In connection with the offering, the Company granted the underwriters a 30-day option to purchase up to 720,000 additional depositary shares to cover over-allotments, if any. The offering is expected to settle and close on Monday, August 19, 2013, subject to customary closing conditions.
Goodrich Petroleum is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas on properties primarily in Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend, Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend, and South Texas, which includes the Eagle Ford Shale Trend. Co. owns interests in producing oil and natural gas wells located in various states.
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Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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