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HighPeak Energy to repay 2024 notes, pay down revolver via new notes
By Wendy Van Sickle
Columbus, Ohio, June 12 – HighPeak Energy, Inc. plans to repay all of its outstanding $475 million principal amount of 10% senior notes due February 2024 and its 10.625% senior notes due November 2024 and to reduce borrowings under its revolving credit agreement using proceeds of an offering of $575 million of senior notes due 2028, according to a news release.
Remaining proceeds would be used for general corporate purposes.
Based in Fort Worth, HighPeak Energy is an independent oil and natural gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves.
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