Jagged Peak Energy to repay revolver borrowings using note proceeds

By Sarah Lizee

Olympia, Wash., April 23 – Jagged Peak Energy Inc. plans to repay borrowings under its revolving credit facility using proceeds from a new note offering, according to a press release.

The company said on Monday that wholly owned subsidiary Jagged Peak Energy LLC intends to offer $400 million senior notes due 2026.

Proceeds will also be used for general corporate purposes.

Jagged Peak is a Denver-based independent oil and gas energy exploration, development and production company.

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