Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2015securities registration● Neutral
Gulfport filed the final prospectus, dated September 4, 2015, for its offer to exchange up to $350 million of privately placed 6.625% Senior Notes due 2023 for registered notes. The offer was set to expire October 8, 2015, and Gulfport receives no proceeds.
Gulfport closed its purchase of Paloma Partners III for about $301.9 million, adding roughly 24,000 net nonproducing acres in the core dry-gas window of the Utica Shale, overlapping existing Gulfport development units - the deal flagged as pending in its June stock offering.
GULFPORT ENERGY CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 June 2015asset acquisition disposition▲ GoodMajor
Gulfport raised about $480 million in a new stock offering and used it to close two Utica Shale acreage deals with American Energy Utica: a $68.2 million purchase of undeveloped acreage in Belmont and Jefferson Counties, and a $319 million purchase of producing Monroe County acreage that came with existing production, drilled-but-uncompleted wells, and a gas gathering system - while a separate, still-pending acquisition of Paloma Partners III was also underway.
Gulfport supplemented its April 30 proxy statement to let stockholders vote by telephone and Internet at the June 18, 2015 annual meeting, in addition to voting by mail.
Gulfport filed its definitive proxy statement for the annual meeting on June 18, 2015, asking stockholders to elect six directors, hold an advisory vote on executive pay and ratify Grant Thornton LLP as auditor.
21 Apr 2015security holder rights change▲ GoodMajor
Gulfport raised $350 million through a new series of 6.625% notes due 2023 - a lower coupon than its existing 7.75% notes - continuing to fund its rapid Utica Shale expansion through the capital markets even as oil prices weakened in early 2015.
Gulfport's lenders raised its borrowing base again, from $450 million to $575 million, added new lenders to the syndicate, and lifted its unsecured debt cap to $1.2 billion; days later the company launched a new stock offering to help fund continued Utica Shale growth.
Gulfport reported fourth-quarter 2014 net income of $110.1 million on oil and natural gas revenues of $268.0 million, and full-year 2014 production up 255% to 87.7 Bcfe.
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin reported a GULFPORT ENERGY CORP shareholding of 8.80% of votes in a periodic institutional filing.