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VITAL ENERGY USD 8.1YR CRP B FIXED RATE SYNDICATED BROWNIE BOND MARKET PLACEMENT (USU92272AB65)

Post Date: 05 April 2024
Laredo Petroleum Inc has priced a syndicated USD denominated Brownie market bond which matures in 2032. 

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Issuer Details
Issuer Laredo Petroleum Inc
LEI 549300X0PTWU2QSLSL14
Industry Oil and Gas Exploration and Production
Country United States
Issuer Description Laredo Petroleum, Inc. is an exploration and production company with headquarters in Tulsa, Oklahoma. Laredo’s strategy is to explore for hydrocarbons, make strategic acquisitions and participate in drilling joint ventures having upside potential in targeted areas of the Mid-Continent and Permian Basin Regions of the United States.. Laredo Petroleum, Inc., formerly Laredo Petroleum Holdings, Inc., is focused on the exploration, development and acquisition of oil and natural gas properties primarily in the Permian region of the United States. The Company’s primary exploration and production fairway in the Permian Basin is centered on the eastern side of the basin 35 miles east of Midland, Texas and extends 20 miles wide (east/west) and 85 miles long (north/south) in Glasscock, Howard, Reagan, Sterling and Tom Green counties, and is referred to as the Permian-Garden City area. On August 1, 2013, it sold its properties in the Anadarko Granite Wash, Eastern Anadarko and Central Texas Panhandle (the Anadarko Basin) in the Mid-Continent region of the United States. On September 6, 2013, it completed the acquisition of proved and unproved oil and natural gas properties located in Glasscock County.
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Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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