Past year: ▼ 99%(1.00c – 1.87 USD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2010debt financing▲ GoodMajor
Magnum Hunter replaced its BMO credit facility with an amended and restated version, raising the borrowing base to $70 million (from $60 million core plus a shrinking $10 million tranche) to finance the just-closed Triad acquisition, maturing November 2012.
16 Feb 2010asset acquisition disposition▲ GoodMajor
Magnum Hunter closed its purchase of Triad Energy's Appalachian assets - about 2,000 wells and 88,000 net acres in Kentucky, Ohio and West Virginia plus a gas pipeline and drilling rigs - for roughly $81 million, paid via bank debt, $15 million of preferred stock and $8 million cash. Triad had been in bankruptcy.
28 Jan 2010debt financing● Neutral
Magnum Hunter again amended its BMO credit facility to permit more preferred stock issuance, and disclosed that a bankruptcy court confirmed Triad Energy's reorganization plan - clearing the last hurdle before Magnum Hunter could close its purchase of Triad's assets.
6 Jan 2010material agreement● Neutral
Magnum Hunter set up an at-the-market program to sell up to $9.6 million of its 10.25% Series C preferred stock through Wm. Smith & Co., a modest financing tool alongside its bank line.
14 Dec 2009listing compliance notice▲ GoodMajor
the New York Stock Exchange certified MAGNUM HUNTER RESOURCES CORP's securities for listing, clearing them to begin trading.
30 Nov 2009debt financing● Neutral
Magnum Hunter amended the new BMO credit facility to allow issuing Series B and C preferred stock and paying dividends on them, clearing the way to fund the pending Triad Energy acquisition partly in preferred shares.
27 Nov 2009debt financing▲ GoodMajor
Magnum Hunter signed a $150 million three-year secured revolving credit facility with Bank of Montreal, starting with a $25 million borrowing base, replacing its prior CIT Capital loan.
