HOUSTON, Dec. 11, 2015 /PRNewswire/ -- Goodrich
Petroleum Corporation (NYSE: GDP) (the "Company") reminds holders
of the Company's 5.375% Series B Cumulative Convertible Preferred
Stock ("Series B Preferred Stock"), 10.00% Series C Cumulative
Preferred Stock ("Series C Preferred Stock") and 9.75% Series D
Cumulative Preferred Stock ("Series D Preferred Stock" and,
together with the Series B Preferred Stock and the Series C
Preferred Stock, the "Existing Preferred Stock") that the
previously announced tender offers to exchange their Existing
Preferred Stock for the Company's newly created 10.00% Series E
Cumulative Convertible Preferred Stock (the "Series E Preferred
Stock") will expire at 5:00 p.m.,
New York City time, on
December 15, 2015.
Holders who have already tendered their shares of Existing
Preferred Stock do not have to re-tender their shares or take any
other action.
The terms and conditions of the tender offer, prior to the
amendment described in this release, were set forth in the Offer to
Exchange and Letter of Transmittal, dated November 6, 2015 (the "Letter of Transmittal"),
and the other related materials that the Company distributed to
holders of the Existing Preferred Stock, which were filed with the
Securities and Exchange Commission ("SEC") as exhibits to the
Schedule TO on November 6, 2015 (the
"Original Tender Offer Materials"). The Original Tender Offer
Materials have been amended and supplemented by Amendment No. 1 to
the Schedule TO, which was filed with the SEC on November 18, 2015 and Amendment No. 2 to the
Schedule TO, which was filed with the SEC on December 9, 2015 (collectively, the "Schedule TO
Amendments"). The term "tender offer," when used in this release,
shall refer to the terms and conditions described in the Original
Tender Offer Materials, as amended and supplemented by the Schedule
TO Amendments and this release.
Copies of the Offer to Exchange and Letter of Transmittal and
other related materials may be found on the Company's website at
www.goodrichpetroleum.com, and be obtained from the Information
Agent for the exchange offers, D.F.
King & Co., Inc., at (866) 853-1834 (US toll free) or
gdp@dfking.com.
THIS PRESS RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A
SOLICITATION TO BUY ANY OF THE EXISTING PREFERRED STOCK NOR IS IT A
SOLICITATION FOR ACCEPTANCE OF THE EXCHANGE OFFERS. THE COMPANY IS
MAKING THE EXCHANGE OFFERS ONLY BY, AND PURSUANT TO THE TERMS OF,
THE OFFER TO EXCHANGE AND THE LETTER OF TRANSMITTAL. THE EXCHANGE
OFFERS ARE NOT BEING MADE IN ANY JURISDICTION IN WHICH THE MAKING
OR ACCEPTANCE THEREOF WOULD NOT BE IN COMPLIANCE WITH THE
SECURITIES, BLUE SKY OR OTHER LAWS OF SUCH JURISDICTION. NONE OF
THE COMPANY, THE INFORMATION AGENT OR THE EXCHANGE AGENT FOR THE
EXCHANGE OFFERS MAKES ANY RECOMMENDATION IN CONNECTION WITH THE
EXCHANGES. THIS ANNOUNCEMENT IS NEITHER AN OFFER TO SELL NOR A
SOLICITATION OF AN OFFER TO BUY ANY OF THESE SECURITIES AND SHALL
NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY JURISDICTION
IN WHICH SUCH OFFER, SOLICITATION OR SALE IS UNLAWFUL.
Certain statements in this news release regarding future
expectations and plans for future activities may be regarded as
"forward looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. They are subject to various risks, such
as financial market conditions, changes in commodities prices and
costs of drilling and completion, operating hazards, drilling
risks, and the inherent uncertainties in interpreting engineering
data relating to underground accumulations of oil and gas, as well
as other risks discussed in detail in the Company's Annual Report
on Form 10-K for the year ended December 31,
2014 and other subsequent filings with the SEC.
Although the Company believes that the expectations reflected in
such forward looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Except
as required by law, the Company expressly disclaims any intention
or obligation to revise or update any forward-looking statements
whether as a result of new information, future events or
otherwise.
Goodrich Petroleum is an independent oil and gas exploration and
production company listed on the New York Stock Exchange.
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SOURCE Goodrich Petroleum Corporation