Ultra Petroleum nixes exchange offer [Seeking Alpha]
ULTRA PETROLEUM CORP COMMON (UPL)
Last ultra petroleum corp common earnings: 5/9 06:00 am
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US:NYSE Investor Relations:
ultrapetroleum.com
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Source: Seeking Alpha
Ultra Petroleum ( UPL ) moves higher after terminating its offer to exchange outstanding 7.125% senior notes due 2025 of its Ultra Resources unit for new 9.00% cash or 2.50% payment-in-kind senior secured third lien notes due 2024 to be issued by the same unit. UPL had extended the original May 23 deadline for the exchange several times since its initial announcement . See all stocks on the move » Now read: Ultra Petroleum: Some Debt Reduction Progress, But Natural Gas Prices Remain Below What It Needs » Subscribe for full text news in your inbox
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