NATCHEZ, Miss., May 26, 2017 /PRNewswire/ -- Callon
Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today
announced that it has extended the deadline with respect to its
offer to exchange up to $400 million
aggregate principal amount of its outstanding unregistered 6.125%
Senior Notes due 2024 (the "Old Notes") for an equivalent amount of
its new 6.125% Senior Notes due 2024 registered under the
Securities Act of 1933, as amended (the "New Notes"). As a
result of the extension, the exchange offer is now scheduled to
expire at 5:00 p.m., New York City time, on May 30, 2017, unless further extended.
The exchange offer was scheduled to expire on May 25, 2017 at 5:00
p.m., New York City
time. As of 5:00 p.m. on
May 25, 2017, $400,000,000 in aggregate principal amount, or
100% of the Old Notes had been validly tendered and not
withdrawn. Except for the extension of the expiration date,
all of the other terms of the exchange offer remain as set forth in
the exchange offer prospectus, dated April
28, 2017, filed with the U.S. Securities and Exchange
Commission.
Copies of the prospectus and the other exchange offer materials
may be obtained from U.S. Bank National Association, the exchange
agent for the offer. Please contact the exchange agent with any
questions regarding the exchange offer at
escrowexchangepayments@usbank.com or by mail at U.S. Bank National
Association, Attn: Specialized Finance, 111 Fillmore Avenue,
St. Paul, MN 55107-1402.
No Offer or Solicitation
This press release is for informational purposes only and is
neither an offer to buy nor a solicitation of an offer to sell any
Old Notes or New Notes. The exchange offer is being made only
pursuant to the exchange offer prospectus, which is being
distributed to holders of the Old Notes and has been filed with the
Securities and Exchange Commission ("SEC") as part of the Company's
registration statement on Form S-4 (File No. 333-217287), which was
declared effective on April 25,
2017.
About Callon Petroleum Company
Callon is an independent energy company focused on the
acquisition, development, exploration, and operation of oil and gas
properties in the Permian Basin in West
Texas.
Cautionary Statement Regarding Forward Looking
Statements
This news release contains "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. All statements,
other than historical facts, that address activities that the
Company assumes, plans, expects, believes, intends or anticipates
(and other similar expressions) will, should or may occur in the
future are forward-looking statements, including regarding the
consummation of the pending acquisition and the time frame in which
the pending acquisition will occur. The forward-looking
statements are based on management's current beliefs, based on
currently available information, as to the outcome and timing of
future events. These forward-looking statements involve certain
risks and uncertainties that could cause the results to differ
materially from those expected by the Company's management.
Information concerning these risks and other factors can be found
in the Company's filings with the Securities and Exchange
Commission, including its Annual Reports on Form 10-K and Quarterly
Reports on Form 10-Q, available on the Company's website or the
SEC's website at www.sec.gov.
For further information contact:
Eric Williams
Manager, Investor Relations
1-800-451-1294
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SOURCE Callon Petroleum Company