Past year: ▲ 244%(25.37 – 87.20 USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Feb 2012security holder rights change● Neutral
Cimarex's shareholder rights plan (a takeover defence dating from the 2002 Rights Agreement) expired on February 22, 2012 by its own terms, and the board decided not to extend it. Shares no longer carry the attached rights.
18 July 2011debt financing● NeutralMajor
Cimarex entered a new $800 million senior unsecured revolving credit facility on July 14, 2011 with JPMorgan Chase as administrative agent and a group of lenders, maturing July 14, 2016. The filing states an initial borrowing base of $2 billion, redetermined each April from 2012, and covenants including a debt-to-EBITDA ratio of no more than 3.5 to 1.
