Gulfport Energy intends to start roadshow Tuesday for $250 million eight-year senior notes

By Paul A. Harris

Portland, Ore., Oct. 5 - Gulfport Energy Corp. plans to start a roadshow on Tuesday for a $250 million offering of eight-year senior notes, according to an informed source.

The deal is set to price late in the Oct. 8 week.

Credit Suisse Securities (USA) LLC is the bookrunner.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection and feature a three-year 35% equity clawback and a 101% poison put.

The Oklahoma City-based oil and gas exploration and production company plans to use the proceeds to repay revolver debt and pre-fund its drilling capital expenditures program.

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