23 Apr 2013 material agreement ● Neutral Major
On April 18, 2013 the company signed underwriting agreements to sell $700M of 5.625% senior notes due 2021 and 7,000,000 new common shares at $42.50 each ($40.80 net of underwriting costs), with a 30-day option for 1,050,000 more shares. This is the permanent financing for the Comstock acquisition, replacing the $700M bridge commitment as the planned route; the bridge would apply only if the offerings did not raise enough. The new shares dilute existing holders.
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22 Apr 2013 securities registration ● Neutral
NBL Texas, LLC filed a prospectus supplement for an offering off its existing shelf.
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22 Apr 2013 securities registration ● Neutral
NBL Texas, LLC filed a prospectus supplement for an offering off its existing shelf.
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18 Apr 2013 securities registration ● Neutral
NBL Texas, LLC filed a free-writing prospectus - marketing material for an offering in progress.
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15 Apr 2013 debt financing ▲ Good Major
The company amended its bank revolver on April 12, 2013: the borrowing base rose from $625M to $800M, the maximum credit amount rose to $1.5B (from $750M), and maturity moved to April 12, 2018. The same day's press release said $305M was outstanding after a $38.4M deposit on the pending Comstock Permian purchase, and raised 2013 capital guidance from $640-700M to $840-900M to reflect that deal.
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15 Apr 2013 securities registration ● Neutral
NBL Texas, LLC filed the final prospectus for a registered offering.
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15 Apr 2013 securities registration ● Neutral
NBL Texas, LLC filed the final prospectus for a registered offering.
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15 Apr 2013 securities registration ● Neutral
NBL Texas, LLC filed a free-writing prospectus - marketing material for an offering in progress.
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20 Mar 2013 material agreement ● Neutral Major
On March 14, 2013 the company's subsidiary agreed to buy producing and undeveloped Delaware Basin interests in Gaines and Reeves Counties, Texas from Comstock for $768M, effective January 1, 2013, subject to closing adjustments and due diligence. It has commitments for a $700M senior unsecured bridge facility (JPMorgan, Morgan Stanley, WF Investment Holdings) as backup to a high-yield notes offering, and may also use the revolver or other debt or equity; the deal must close by July 15, 2013.
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19 Feb 2013 director interest notice ● Neutral
NBL Texas, LLC ExecVP, CFO & Treasurer John E Hagale received 10,969 shares as part of the equity award.
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14 Feb 2013 substantial holder notice ● Neutral
Wellington Management Company, LLP reported a NBL Texas, LLC shareholding of 3,339,984 shares (6.36% of votes) in a periodic institutional filing.
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13 Feb 2013 substantial holder notice ● Neutral
Capital World Investors ** reported a NBL Texas, LLC shareholding of 3,005,000 shares (5.70% of votes) in a periodic institutional filing.
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11 Feb 2013 substantial holder notice ● Neutral
The Vanguard Group reported a NBL Texas, LLC shareholding of 3,412,254 shares (6.49% of votes) in a periodic institutional filing.
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31 Jan 2013 substantial holder notice ● Neutral
BlackRock, Inc reported a NBL Texas, LLC shareholding of 4,812,030 shares (9.16% of votes) in a periodic institutional filing.
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24 Jan 2013 quarterly activities report ● Neutral
NBL Texas, LLC reported quarterly revenue of $178.3 million and net income of $42.3 million for the period ended 2012-12-31.
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7 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Chairman, CEO and President Randy L Limbacher had 15,117 shares withheld for taxes on vesting stock.
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7 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Vice Pres., Mktg & BD Jackie Chad Driskill had 1,606 shares withheld for taxes on vesting stock.
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7 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Vice President,Human Resources Gerald Lewis Maxwell had 1,587 shares withheld for taxes on vesting stock.
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7 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Sr. V.P., Asset Development John Dewey Clayton had 3,617 shares withheld for taxes on vesting stock.
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7 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Sr. VP, Drilling & Prod. Ops. James E Craddock had 3,617 shares withheld for taxes on vesting stock.
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3 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC ExecVP, CFO & Treasurer John E Hagale received 12,439 shares as part of the equity award.
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3 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Sr. V.P., Asset Development John Dewey Clayton received 12,439 shares as part of the equity award.
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3 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Vice President and Treasurer Don O. Mccormack received 4,524 shares as part of the equity award.
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3 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Vice President,Human Resources Gerald Lewis Maxwell received 3,676 shares as part of the equity award.
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3 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Sr. VP, Drilling & Prod. Ops. James E Craddock received 12,439 shares as part of the equity award.
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3 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Vice Pres., Mktg & BD Jackie Chad Driskill received 4,524 shares as part of the equity award.
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3 Jan 2013 director interest notice ● Neutral
NBL Texas, LLC Chairman, CEO and President Randy L Limbacher received 30,532 shares as part of the equity award.
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10 Dec 2012 substantial holder notice ● Neutral
Capital World Investors ** reported a NBL Texas, LLC shareholding of 3,005,000 shares (5.70% of votes) in a periodic institutional filing.
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8 Nov 2012 director interest notice ● Neutral
Michael Harold Hickey became a NBL Texas, LLC Vice President and company insider (initial ownership filing).
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7 Nov 2012 quarterly activities report ● Neutral
NBL Texas, LLC reported quarterly revenue of $122.8 million and net income of $17.7 million for the period ended 2012-09-30.
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