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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.