% | $
Quotes you view appear here for quick access.

Ultra Petroleum Corp. Message Board

  • ahande ahande Dec 6, 2013 3:53 PM Flag

    UPL feeling good? Announces $450 m senior note offering

    Ultra Petroleum Corp. Announces Pricing of $450.0 Million Senior Note Offering

    HOUSTON, Dec. 6, 2013 /PRNewswire/ -- Ultra Petroleum Corp. (UPL) today announced the pricing of its private placement of $450.0 million aggregate principal amount of 5.75% senior unsecured notes due 2018 at par.

    The size of the offering was increased from the previously announced $400.0 million aggregate principal amount. The securities were offered pursuant to exemptions from registration under the Securities Act of 1933, as amended (the "Securities Act").

    The company expects to close the offering on December 12, 2013, subject to customary closing conditions. Ultra intends to use the net proceeds to fund a portion of the purchase price of its recently announced Uinta Basin acquisition.

    They must be feeling good with Nat Gas at 4.10 and with indications of going higher to raise the offering.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • oversubscribed sold an extra 50 million...........tell no brain coltrain 5.75 interest rate on the the bird brain on ignore... he seems to think borrowing money is free...........long at 18 they way sorry I miss read the post you put up on the 8k thought you were asking a question..............good luck

      • 1 Reply to chicosan3
      • are you done calling people bird brains dummies no-brains. if you want an adult conversation have one, but I've about had it with your abrasiveness. Children and immature people resort to calling people names. It seems to me everybody here thinks you're the complete idiot, they just have the class (unlike you) not to get into name-calling. I'm sure you'll be doing a lot of people a favor if you'd just act like an adult or get the hell off this board.

    • Yes, well I hope they plan to retire the debt in 2018 with no roll-over -that would be great news. I for some reason assumed 10 year not 5. However; they did say 5 years would be break even.

12.53-0.65(-4.93%)Jun 29 4:07 PMEDT