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Bonanza Creek Energy, Inc. Message Board

g8trgr8t 181 posts  |  Last Activity: Sep 18, 2014 1:05 PM Member since: Feb 9, 2011
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  • and rolling out some debt at better rates.

    Triangle Petroleum subsidiary intends to offer $350 mln in aggregate principal amount of senior notes due 2022 (TPLM) :
    •Co announced that Triangle USA Petroleum, the co's wholly-owned E&P subsidiary, intends to offer $350 million in aggregate principal amount of senior notes due 2022 in a private placement to eligible investors, subject to market conditions.
    •TUSA intends to use the net proceeds from this offering to pay down and terminate its second lien credit facility, to reimburse Triangle for capital contributions to TUSA in connection with closing the acquisitions of Williston Basin properties previously announced on May 14, 2014, to repay a portion of outstanding debt under TUSA's senior credit facility, and for other general corporate purposes.

    Bought my trading shares back when it went sub 11.

BCEI
58.32-0.65(-1.10%)Sep 19 4:04 PMEDT

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