4 Aug 2014quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $220.9 million and net income of $14.4 million for the period ended 2014-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 May 2014debt financing● NeutralMajor
On May 29, 2014 the company completed its $500M offering of 5.875% senior notes due 2024, resolving the pending closing from the May 21 underwriting agreement. Net proceeds of about $491.8M are expected to repay revolver borrowings and for general corporate purposes; interest is payable June 1 and December 1, starting December 1, 2014. The filing does not link the proceeds to redeeming the 9.500% notes.
28 May 2014material agreement● NeutralMajor
On May 21, 2014 the company signed an underwriting agreement to sell $500M of 5.875% senior notes due 2024, with about $491.8M net proceeds intended to repay revolver borrowings and for general corporate purposes. The filing does not link the proceeds to redeeming the 9.500% notes.
22 May 2014securities registration● Neutral
NBL Texas, LLC filed a prospectus supplement for an offering off its existing shelf.
21 May 2014securities registration● Neutral
NBL Texas, LLC filed a free-writing prospectus - marketing material for an offering in progress.
21 May 2014securities registration● Neutral
NBL Texas, LLC filed the final prospectus for a registered offering.
16 May 2014agm notice● Neutral
NBL Texas, LLC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
7 May 2014substantial holder notice● Neutral
Point, Cubist Systematic Strategies, LLC, EverPoint Asset Management, LLC, Steven A. Cohen disclosed a new substantial NBL Texas, LLC shareholding (5.10% of votes).
5 May 2014quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $214.6 million and net income of $35.2 million for the period ended 2014-03-31.
5 May 2014quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $214.6 million and net income of $35.2 million for the period ended 2014-03-31.
3 Apr 2014debt financing● Neutral
On April 2, 2014 the company amended its revolver (Eighth Amendment) to authorize redeeming its 9.500% senior notes due 2018, let it change total commitments as long as they stay within the borrowing base, and raise the lease-payment limit to $25M per twelve months. The filing does not say the redemption has been done or give its timing.
24 Feb 2014quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $204.8 million and net income of $29.5 million for the period ended 2013-12-31.
14 Feb 2014substantial holder notice● Neutral
Wellington Management Company, LLP reported a NBL Texas, LLC shareholding of 3,727,671 shares (6.08% of votes) in a periodic institutional filing.
12 Feb 2014substantial holder notice● Neutral
The Vanguard Group reported a NBL Texas, LLC shareholding of 3,708,352 shares (6.05% of votes) in a periodic institutional filing.
30 Jan 2014quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $204.8 million and net income of $29.5 million for the period ended 2013-12-31.
30 Jan 2014substantial holder notice● Neutral
BlackRock, Inc reported a NBL Texas, LLC shareholding of 5,675,519 shares (9.30% of votes) in a periodic institutional filing.
15 Nov 2013debt financing● NeutralMajor
On November 15, 2013 the company closed the $600M 5.875% senior notes due 2022, guaranteed by its subsidiaries, with interest paid June 1 and December 1 starting June 1, 2014. Net proceeds of about $590.3M are expected to repay all revolver borrowings and for general purposes; the notes are redeemable at the company's option under set terms.
12 Nov 2013material agreement● NeutralMajor
On November 7, 2013 the company signed an underwriting agreement to sell $600M of 5.875% senior notes due 2022, with about $590.3M net proceeds intended to repay all revolver borrowings and for general corporate purposes. This continues the pattern of replacing revolver debt with fixed-rate notes after the Permian purchase.
12 Nov 2013securities registration● Neutral
NBL Texas, LLC filed a prospectus supplement for an offering off its existing shelf.
7 Nov 2013securities registration● Neutral
NBL Texas, LLC filed a free-writing prospectus - marketing material for an offering in progress.
7 Nov 2013securities registration● Neutral
NBL Texas, LLC filed the final prospectus for a registered offering.
6 Nov 2013quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $194.6 million and net income of $41.0 million for the period ended 2013-09-30.
6 Nov 2013quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $194.6 million and net income of $41.0 million for the period ended 2013-09-30.
5 Aug 2013quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $236.5 million and net income of $75.4 million for the period ended 2013-06-30.
10 June 2013substantial holder notice● Neutral
RS Investment Management Co. LLC, The Guardian Life Insurance Company of America, Guardian Investor Services LLC disclosed a new substantial NBL Texas, LLC shareholding (11.40% of votes).
10 June 2013substantial holder notice● Neutral
Capital World Investors ** reported no remaining NBL Texas, LLC shareholding in its periodic institutional filing.
16 May 2013agm notice● Neutral
NBL Texas, LLC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 May 2013asset acquisition disposition▲ GoodMajor
On May 14, 2013 the company closed the Permian Basin acquisition from a Comstock Resources affiliate, paying $811M including closing adjustments (still subject to post-closing adjustments), effective January 1, 2013. This resolves the open Comstock deal announced in March at $768M; funding came largely from the April-issued senior notes plus borrowings on the expanded revolver.
6 May 2013quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $178.1 million and net income of $53.5 million for the period ended 2013-03-31.
2 May 2013debt financing● NeutralMajor
On May 2, 2013 the company closed the $700M 5.625% senior notes due 2021, expecting about $690.5M net proceeds to fund part of the Comstock Permian purchase. The notes must be redeemed at 100% if the acquisition does not close by July 15, 2013 or the purchase agreement is terminated.