Past year: ▲ 34%(25.27 – 37.18 USD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Oct 2009material agreement● NeutralMajor
On October 21, 2009 Brigham agreed to sell 16,000,000 new common shares to underwriters led by Credit Suisse and Jefferies, with a 30-day option for up to 2,400,000 more. This is a second share sale after the May 2009 one and would dilute existing holders. The filing gives no price, proceeds or use of funds.
23 Oct 2009securities registration● Neutral
BRIGHAM EXPLORATION CO filed a prospectus supplement for an offering off its existing shelf.
19 Oct 2009securities registration● Neutral
BRIGHAM EXPLORATION CO filed the final prospectus for a registered offering.
19 Oct 2009securities registration● Neutral
BRIGHAM EXPLORATION CO filed a free-writing prospectus - marketing material for an offering in progress.
30 Sept 2009securities registration● Neutral
BRIGHAM EXPLORATION CO amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
16 Sept 2009securities registration● Neutral
BRIGHAM EXPLORATION CO amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
2 Sept 2009substantial holder notice● Neutral
Ben M. Brigham reported a BRIGHAM EXPLORATION CO shareholding of 2,875,748 shares (3.50% of votes) in a periodic institutional filing.
27 Aug 2009production update● Neutral
Brigham furnished an August 26, 2009 press release giving an operational update. The filing itself contains no figures or details; the content is only in the exhibit, which is not reproduced here.
20 Aug 2009securities registration● Neutral
BRIGHAM EXPLORATION CO registered a securities offering with the SEC using its shelf eligibility.
28 July 2009material agreement● NeutralMajor
On July 24, 2009 Brigham signed a Fifth Amendment to its credit agreement that extends maturity to July 24, 2012 and changes the financial covenants (an interest coverage minimum and a new net leverage maximum). It must keep $10 million of liquidity until its preferred stock is redeemed in October 2010, expires, or the maturity is extended past July 24, 2012. This continues the credit facility thread; the filing mentions preferred stock, which the earlier context did not show.
26 May 2009material agreement● NeutralMajor
On May 19, 2009 Brigham agreed to sell 32,000,000 new common shares to underwriters led by Credit Suisse and Jefferies; the underwriters then bought 4,292,117 more shares from their option, for 36,292,117 shares in total and about $93.7 million of net proceeds. Existing shareholders are diluted by the new shares. The filing does not state what the money will be used for.
21 May 2009securities registration● Neutral
BRIGHAM EXPLORATION CO filed a prospectus supplement for an offering off its existing shelf.
15 May 2009securities registration● Neutral
BRIGHAM EXPLORATION CO filed a free-writing prospectus - marketing material for an offering in progress.
14 May 2009securities registration● Neutral
BRIGHAM EXPLORATION CO filed the final prospectus for a registered offering.
14 Jan 2009listing compliance notice▲ GoodMajor
Nasdaq certified BRIGHAM EXPLORATION CO's securities for listing, clearing them to begin trading.
12 Nov 2008material agreement▲ Good
On November 7, 2008 Brigham signed a Third Amendment to its senior credit agreement with Bank of America and other lenders, raising the borrowing base from $135 million to $145 million. It also restated the interest pricing grid, revised the Base Rate definition, and added rules excluding defaulting lenders from lender votes. This continues the credit facility (borrowing base was $101 million in March 2007).
5 Aug 2008material agreement● NeutralMajor
On July 31, 2008 Brigham agreed with DLJ Merchant Banking Partners III and affiliates (the CS Entities, owning about 16.3% of its common stock) to remove their right to nominate a board member, under the 2000 Securities Purchase Agreement. The CS Entities also agreed not to vote more than 9.99% of the outstanding shares. For other shareholders, this limits the voting power of the company's largest holder named in the filing and ends its board seat right.
12 May 2008substantial holder notice● Neutral
Wellington Management Company, LLP reported a BRIGHAM EXPLORATION CO shareholding of 1,892,371 shares (4.10% of votes) in a periodic institutional filing.
14 Feb 2008substantial holder notice● Neutral
Ben M. Brigham, Anne L. Brigham reported a BRIGHAM EXPLORATION CO shareholding of 3,234,383 shares (7.08% of votes) in a periodic institutional filing.
14 Feb 2008substantial holder notice● Neutral
Wellington Management Company, LLP reported a BRIGHAM EXPLORATION CO shareholding of 4,204,109 shares (9.19% of votes) in a periodic institutional filing.
13 Nov 2007substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial BRIGHAM EXPLORATION CO shareholding (12.20% of votes).
9 Nov 2007substantial holder notice● Neutral
Lazard Asset Management LLC reported a BRIGHAM EXPLORATION CO shareholding of 72,970 shares (0.16% of votes) in a periodic institutional filing.
6 July 2007securities registration● Neutral
BRIGHAM EXPLORATION CO filed the final prospectus for a registered offering.
25 May 2007securities registration● Neutral
BRIGHAM EXPLORATION CO filed the final prospectus for a registered offering.
10 May 2007securities registration● Neutral
BRIGHAM EXPLORATION CO registered a securities offering with the SEC using its shelf eligibility.
9 May 2007business combination● Neutral
Brigham filed a registration statement to let holders swap the $35 million of unregistered add-on 9 5/8% Senior Notes due 2014 (issued April 9, 2007) for identical registered notes, as the registration rights agreement requires. It receives no proceeds. The text shows 2006 revenue of $106.3 million, net income of $19.8 million (versus $27.4 million in 2005), proved reserves of 146.5 Bcfe and average production of 36.8 MMcfe per day, up 11% from 2005.
13 Apr 2007debt financing● NeutralMajor
Brigham sold an additional $35 million of its 9 5/8% Senior Notes due 2014 on April 9, 2007, priced at 99.5% of face to yield 9.721%, raising the total of these notes to $160 million. It plans to use the net proceeds to repay senior credit agreement borrowings and for general purposes, with no increase to its announced capital budget. A March 27, 2007 amendment to the credit agreement allowed the add-on and set the borrowing base at $101 million (the context's last figure was $50 million). The new notes carry a registration rights agreement requiring an exchange offer to be effective within 180 days of April 9, 2007.
14 Feb 2007substantial holder notice● Neutral
Munder Capital Management reported a BRIGHAM EXPLORATION CO shareholding of 1,853,613 shares (4.10% of votes) in a periodic institutional filing.
13 Feb 2007substantial holder notice● Neutral
Ben M. Brigham, Anne L. Brigham reported a BRIGHAM EXPLORATION CO shareholding of 3,109,416 shares (6.83% of votes) in a periodic institutional filing.
8 Feb 2007substantial holder notice● Neutral
Lazard Asset Management LLC disclosed a new substantial BRIGHAM EXPLORATION CO shareholding (5.55% of votes).
