NATCHEZ, Miss., Aug. 24, 2018 /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 6.375%
Senior Notes due 2026 (the "Old Notes") for an equivalent amount of
its new 6.375% Senior Notes due 2026 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. (EDT) on August 30, 2018, unless further extended.
The exchange offer was scheduled to expire on August 23, 2018 at 5:00
p.m. (EDT). As of 5:00 p.m. on
August 23, 2018, $399,832,000 in aggregate principal amount, or
99.958%, 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withdrawn.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 July 27,
2018, filed with the U.S. Securities and Exchange
Commission. The extension of the exchange offer has been made to
allow holders of Old Notes who have not yet tendered their Old
Notes for New Notes additional time to do so.
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 by telephone at
1-800-934-6802 or by mail at U.S. Bank National Association, Attn:
Corporate Actions, 111 Fillmore Avenue, St. Paul, MN 55107.
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 July 27,
2018.
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, as amended.
Forward-looking statements include all statements regarding the
closing of the exchange offer and the time frame in which the
exchange offer will occur, as well as statements including the
words "believe," "expect," "plans" and words of similar meaning.
These statements reflect the Company's current views with respect
to future events and financial performance. No assurances can be
given, however, that these events will occur or that these
projections will be achieved, and actual results could differ
materially from those projected as a result of certain factors.
Some of the factors which could affect the Company's future results
and could cause results to differ materially from those expressed
in its forward-looking statements are more fully discussed in its
filings with the SEC, 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:
Mark Brewer
Director of Investor Relations
281-589-5279
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SOURCE Callon Petroleum Company