Callon Petroleum Co.

NYSE:CPE   3:59:59 PM EDT
5.09
-0.21 (-3.96%)
Debt Financing / Related, Equity Financing / Related

Callon Petroleum Company Announces $170 Million In Asset Monetizations And $300 Million Issuance Of Secured Second Lien Notes

Published: 10/01/2020 11:23 GMT
Callon Petroleum Co (CPE) - Callon Petroleum Company Announces $170 Million in Asset Monetizations and $300 Million Issuance of Secured Second Lien Notes.
Callon Petroleum - Entered Into Overriding Royalty Interest Transaction With a Private Investment Vehicle Managed by Kimmeridge Energy.
Callon Petroleum Co - Callon Has Also Issued $300 Million of Principal Value Second Lien Secured Notes to Kimmeridge.
Callon Petroleum - Proceeds of Kimmeridge Transactions Will Be Used to Reduce Borrowings on Credit Facility by Nearly a Third to About $1 Billion.