Gulfport Energy common stock sale to fund credit facility repayment

By Ashley Montgomery

Kansas City, Kan., Nov. 29 - Gulfport Energy Corp. will use the proceeds from its sale of 4 million shares of common stock to repay the balance under its secured revolving credit facility, the company said in a news release.

Proceeds will also be used to fund capital expenditures and for general corporate purposes.

Gulfport is an oil and natural gas exploration and production company based in Oklahoma City.

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