Goodrich Petroleum Corp. (GDP) announced that it has priced $190 million of 5% convertible senior notes. The offering size was increased to $190 million in aggregate principal amount based on market demand. Further, the underwriters for the offering would also have the option to purchase up to $28.5 million principal amount of additional notes solely to cover over-allotments, if any.
The company noted that it intends to use a portion of the net proceeds of about $183.525 million from the offering to repay its $75 million second lien term loan and all amounts outstanding under its senior credit facility. The remainder of the net proceeds would be used for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.