Why Ultra Petroleum Corp’s Stock Is Tumbling Again Today [The Motley Fool]
ULTRA PETROLEUM CORP COMMON (UPL)
Last ultra petroleum corp common earnings: 5/9 06:00 am
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ultrapetroleum.com
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Source: The Motley Fool
The natural-gas driller had more bad news for its investors. Matthew DiLallo ( TMFmd19 ) Sep 26, 2018 at 11:33AM What happened Shares of Ultra Petroleum Corp ( NASDAQ:UPL ) were down more than 12% by 10:30 a.m. EDT on Wednesday after the natural-gas driller was unable to strike a deal with its lenders on the terms of a potential transaction involving its term loan. That latest issue pushed its year-to-date plunge to nearly 88%. So what Ultra Petroleum said that it held discussions with certain holders of its senior secured first-lien term loan about a potential transaction. However, the parties were unable to reach an agreement and have ceased negotiations. As a result, the company will need to continue meeting the terms of the $975 million loan that matures in 2024. Image source: Getty Images. In addition to that, the company al
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