HighPeak Energy announces proposed $725M private offering of senior notes

HighPeak Energy (HPK) intends to offer, subject to market and customary conditions, $725M aggregate principal amount of senior notes due 2030 in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers. The Company intends to use the net proceeds from the Offering, together with borrowings under a new revolving credit facility it expects to enter into in connection with the Offering, to fully repay its existing term loan credit agreement.