Callon Petroleum Co.

NYSE:CPE  
10.40
+0.11 (+1.07%)
Debt Financing / Related, Other Pre-Announcement

Callon Petroleum Co Announces Upsized Debt Exchange

Published: 11/09/2020 12:34 GMT
Callon Petroleum Co (CPE) - Callon Petroleum Co - Announces Upsized Debt Exchange.
Callon Petroleum Co - Will Now Exchange $389 Million of Existing Unsecured Senior Notes for $217 Million of New 9.00% Second Lien Notes Due 2025.
Callon Petroleum - Upon Completion of Exchange, Co's Total Net Debt Will Be Reduced by About $172 Million.
Callon Petroleum Co - Private Debt Exchange Scheduled to Close on Nov 17.
Callon Petroleum Co - Currently Expects Borrowing Base Under Credit Facility to Remain Unchanged at $1.6 Billion.
Callon Petroleum Co - Expects Next Scheduled Redetermination Will Take Place in May 2021.