Covey Park to repay term loan, revolver debt via new note offering

By Tali Rackner

Minneapolis, April 24 – Covey Park Energy LLC plans to fully repay and terminate its term loan facility and repay a portion of amounts outstanding under its revolving credit facility using the net proceeds from a new note offering, according to a press release.

The company announced on Monday that it intends to offer $450 million of senior unsecured notes due 2025.

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

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