15 Oct 2010capital raising announcement▲ GoodMajor
Energy XXI expanded the preferred-stock conversion program, exchanging another 347,500 preferred shares for common stock, cutting the outstanding preferred balance to 680,500 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Oct 2010capital raising announcement▲ Good
Energy XXI began retiring its 7.25% convertible preferred stock, exchanging 72,000 preferred shares for common stock under a formula tied to the stock's recent trading price - part of a push to simplify its capital structure as the post-crisis recovery took hold.
24 May 2010capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q3 2010 financial statements required under its senior notes indenture.
18 Feb 2010capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q2 2010 financial statements required under its senior notes indenture.
2 Dec 2009capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q3 2009 financial statements required under its senior notes indenture.
1 Dec 2009capital raising announcement▲ GoodMajor
Energy XXI launched concurrent public offerings of 90 million common shares and $75 million of convertible preferred stock to fund the MitEnergy acquisition, alongside underwriter over-allotment options.
23 Sept 2009capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine FY2009 annual financial statements required under its senior notes indenture.
18 May 2009capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q1 2009 financial statements required under its senior notes indenture.
2 Mar 2009capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q4 2008 financial statements required under its senior notes indenture.
12 Nov 2008capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q3 2008 financial statements required under its senior notes indenture.
20 Oct 2008capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's audited FY2008 financial statements as required under its 2007 senior notes indenture - another routine compliance filing.
7 May 2008capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q1 2008 financial statements as required under the indenture for the $750 million of 10% senior notes it had issued in 2007 - a compliance filing, not a new capital raise.