Ultra Petroleum Corp. (UPL) announced that its wholly owned subsidiary Ultra Resources has entered into an agreement with a group of thirteen institutional investors providing for the private placement of $500.0 million in Senior Unsecured Notes. Closing of the offering is anticipated to occur prior to mid-February 2010. Net proceeds from the offering will be used to repay existing bank debt and for general corporate purposes, including funding of the company's previously announced acquisition.
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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.