- PR Newswire•14 days agoCallon Petroleum Company Announces Pricing of Upsized $400 Million Placement of Senior Unsecured Notes
NATCHEZ, Miss., Sept. 15, 2016 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") today announced the pricing of its private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of $400 million aggregate principal amount of 6.125% senior unsecured notes due 2024 (the "Notes") at par. This represents an increase of $50 million over the aggregate principal amount previously announced. The private placement is expected to close on October 3, 2016, subject to market and other customary closing conditions. The Company intends to use the net proceeds of the offering to repay amounts borrowed under its second lien term loan and for general corporate purposes, including for a potential increase in drilling activity.
- Zacks•14 days ago
Callon Petroleum (CPE) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
Callon Petroleum Company (CPE)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||13.50 x 100|
|Ask||14.80 x 900|
|Day's Range||13.45 - 14.67|
|52wk Range||4.21 - 15.91|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-3.64|
|Avg Vol (3m)||3,965,120|
|Dividend & Yield||N/A (N/A)|