Monday, December 2, 2024
Paloma Partners to acquire Goodrich Petroleum Corporation for $23.00 per fully diluted share for a total of approximately $480 million, including assumption of the company's first lien debt- oil and gas 360

Goodrich Petroleum Gains New Credit Facility, Makes Haynesville Acreage Swap

Credit Facility for GDP Earlier today Goodrich Petroleum Corporation (ticker: GDP) announced that is has entered into a $250 million senior secured revolving credit agreement with JP Morgan Chase Bank, SunTrust Bank and SunTrust Robinson Humphrey, Inc. The Credit Facility has an initial borrowing base of $40 million and contains customary terms and conditions, including semi-annual borrowing base redeterminations. GDP