24 Aug 2016substantial holder notice● Neutral
Leucadia National Corporation reported a Lonestar Resources US Inc. shareholding of 1,000,227 shares (11.70% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2016quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $17.8 million and a net loss of $12.8 million for the period ended 2016-06-30.
19 Aug 2016director interest notice● Neutral
Leucadia National Corp became a Lonestar Resources US Inc. company insider (initial ownership filing).
19 Aug 2016quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $17.8 million and a net loss of $12.8 million for the period ended 2016-06-30.
18 Aug 2016director interest notice● Neutral
Ecofin Water & Power Opportunities PLC became a Lonestar Resources US Inc. 10%+ owner and company insider (initial ownership filing).
17 Aug 2016director interest notice● Neutral
Bernard Lambilliotte became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
17 Aug 2016director interest notice● Neutral
Christopher Rowland became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
9 Aug 2016substantial holder notice● Neutral
Leucadia National Corporation disclosed a new substantial Lonestar Resources US Inc. shareholding (8.80% of votes).
3 Aug 2016capital raising announcement● NeutralMajor
Lonestar agreed to sell up to $49.9 million of 12% second lien notes due 2021, plus warrants for 998,000 shares at $5.00, to Juneau Energy and other purchasers, with Leucadia guaranteeing Juneau. The first $10 million was expected to close August 4, 2016, with proceeds for general purposes including buying back its 8.75% notes due 2019. Leucadia also committed to buy up to $20 million of stock in a public offering by December 31, 2016 (for a $1 million fee), and 500,227 shares go to Juneau for oil and gas interests it sold the company. This follows and uses the credit amendment that allowed second lien debt, and adds dilution from the warrants and shares.
2 Aug 2016material agreement▼ BadMajor
Lonestar's bank lenders, led by Citibank, agreed to a third amendment of the July 2015 credit agreement. It lets the company take on second lien debt, raises borrowing costs by 0.75%, raises required mortgaged collateral from 80% to 90% of oil and gas property value, loosens the leverage limits for 2016 (4.75x for June 30, stepping down to 4.00x after 2016), and bars payments to the parent for general expenses after September 30, 2016.
11 July 2016director interest notice● Neutral
Robert N Scott became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
Thomas H Olle became a Lonestar Resources US Inc. SVP Operations and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
Douglas W Banister became a Lonestar Resources US Inc. CFO and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
Barry Schneider became a Lonestar Resources US Inc. COO and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
Mitchell Wells became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
Frank D Bracken III became a Lonestar Resources US Inc. CEO and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
Jana Payne became a Lonestar Resources US Inc. VP Geosciences and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
John H Pinkerton became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
8 July 2016director interest notice● Neutral
Daniel R Lockwood became a Lonestar Resources US Inc. director and company insider (initial ownership filing).
30 June 2016listing compliance notice▲ GoodMajor
Nasdaq certified Lonestar Resources US Inc.'s securities for listing, clearing them to begin trading.