Each one in plain English, with the numbers worked through for a shareholder.
3 Nov 2022debt financing▲ Good
On 2022-11-01 Laredo signed a Tenth Amendment to its credit facility, raising the borrowing base from $1.25 billion to $1.3 billion, permitting additional senior note buybacks and other restricted payments subject to conditions, and allowing possible term loans alongside revolving loans. The same filing furnished third-quarter 2022 results (press release and presentation, contents not included in the text). It builds on the April 2022 Eighth Amendment; the filing does not say whether any buybacks are planned.
On 2022-10-18 Laredo issued a press release with selected preliminary financial and operating results for the three months ended September 30, 2022; the filing text gives no figures.
On 2022-08-30 Laredo signed a Ninth Amendment to its Wells Fargo-led senior secured credit facility. It adds capacity to make distributions of the company's common stock and clarifies the conditions for redeeming its debt; the filing gives no amounts and does not say how the added capacity will be used.
On 2022-08-16 Laredo agreed to sell part of its working interests in certain non-operated oil and gas properties to Northern Oil and Gas for $110 million, subject to adjustments, effective 2022-08-01. Closing is expected in October 2022 and is subject to conditions; the filing does not say how the cash will be used.
Laredo filed its quarterly report for the period ended June 30, 2022, covering the six months to that date, including the Pioneer and Sabalo/Shad acquisitions, debt, and derivative positions.
Laredo announced its financial and operating results for the quarter ended June 30, 2022 on 2022-08-03, furnishing a press release and investor presentation; the filing text itself gives no figures.
On 2022-06-03 Laredo's audit committee dismissed Grant Thornton as auditor and appointed Ernst & Young for fiscal 2022, after what it calls a comprehensive evaluation. The filing says Grant Thornton's reports for 2020 and 2021 were clean and that there were no disagreements or reportable events.
