Feb 25 Goodrich Petroleum Corporation (GDP.N)
on Friday sold $275 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally
planned $225 million.
JP Morgan, Jefferies, BMO Capital, BNP Paribas, RBC, Wells
Fargo and Bank of America Merrill Lynch were the joint
bookrunning managers for the sale.
BORROWER: GOODRICH PETROLEUM CORPORATION
AMT $275 MLN COUPON 8.875 PCT MATURITY 3/15/2019
TYPE SR NTS ISS PRICE 100.00 FIRST PAY 9/15/2011
MOODY'S Caa1 YIELD 8.875 PCT SETTLEMENT 3/2/2011
S&P CCC-PLUS SPREAD 603 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS