Covey Park to repay revolver debt using proceeds from add-on notes

By Sarah Lizee

Olympia, Wash., Dec. 7 – Covey Park Energy LLC plans to repay borrowings under its revolving credit facility using proceeds from a new note offering, according to a press release.

On Thursday, the company said it plans to price a $150 million add-on to its 7½% senior notes due May 15, 2025.

Covey Park is a Dallas-based private oil and gas exploration and production company.

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