HighPeak Energy, Inc. Announces Proposed Aggregate $725 Million Private Offering of Senior Notes
HighPeak Energy (NASDAQ: HPK) announced plans to offer $725 million in senior notes due 2030 through a private placement under Rule 144A and Regulation S of the Securities Act. The company intends to use the proceeds, along with borrowings from a new revolving credit facility, to fully repay its existing term loan credit agreement.
The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The offering is subject to market conditions and customary closing requirements. The notes will not be registered under the Securities Act and cannot be sold within the United States without registration or an applicable exemption.
HighPeak Energy (NASDAQ: HPK) ha annunciato l'intenzione di offrire 725 milioni di dollari in obbligazioni senior con scadenza 2030 tramite un collocamento privato ai sensi della Rule 144A e del Regulation S del Securities Act. La società prevede di utilizzare i proventi, insieme ai finanziamenti derivanti da una nuova linea di credito revolving, per estinguere completamente il proprio contratto di prestito a termine esistente.
Le obbligazioni saranno offerte esclusivamente a investitori istituzionali qualificati ai sensi della Rule 144A e a soggetti non statunitensi ai sensi del Regulation S. L'offerta è soggetta alle condizioni di mercato e ai requisiti consueti di chiusura. Le obbligazioni non saranno registrate ai sensi del Securities Act e non potranno essere vendute negli Stati Uniti senza registrazione o un'esenzione applicabile.
HighPeak Energy (NASDAQ: HPK) anunció planes para ofrecer 725 millones de dólares en bonos senior con vencimiento en 2030 mediante una colocación privada bajo la Regla 144A y el Reglamento S de la Ley de Valores. La compañía tiene la intención de usar los ingresos, junto con préstamos de una nueva línea de crédito revolvente, para pagar completamente su acuerdo de préstamo a plazo existente.
Los bonos se ofrecerán exclusivamente a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo el Reglamento S. La oferta está sujeta a las condiciones del mercado y a los requisitos habituales de cierre. Los bonos no estarán registrados bajo la Ley de Valores y no pueden ser vendidos dentro de los Estados Unidos sin registro o una exención aplicable.
HighPeak Energy (NASDAQ: HPK)는 증권법의 Rule 144A 및 Regulation S에 따라 2030년 만기 선순위 채권 7억 2,500만 달러를 사모 방식으로 발행할 계획을 발표했습니다. 회사는 신규 회전 신용 시설에서 차입한 금액과 함께 이 자금을 기존의 기한부 대출 계약 전액 상환에 사용할 예정입니다.
이 채권은 Rule 144A에 따른 적격 기관 투자자와 Regulation S에 따른 비미국인에게만 독점적으로 제공됩니다. 이번 발행은 시장 상황과 통상적인 마감 요건에 따라 진행됩니다. 이 채권은 증권법에 등록되지 않으며, 등록이나 해당 면제 없이 미국 내에서 판매할 수 없습니다.
HighPeak Energy (NASDAQ : HPK) a annoncé son intention d'offrir 725 millions de dollars en billets seniors arrivant à échéance en 2030 via un placement privé conformément à la règle 144A et au règlement S du Securities Act. La société prévoit d'utiliser les fonds levés, ainsi que les emprunts d'une nouvelle facilité de crédit renouvelable, pour rembourser intégralement son accord de prêt à terme existant.
Les billets seront proposés exclusivement à des acheteurs institutionnels qualifiés selon la règle 144A et à des personnes non américaines selon le règlement S. L'offre est soumise aux conditions du marché et aux exigences habituelles de clôture. Les billets ne seront pas enregistrés en vertu du Securities Act et ne peuvent être vendus aux États-Unis sans enregistrement ou exemption applicable.
HighPeak Energy (NASDAQ: HPK) gab Pläne bekannt, Senior Notes im Wert von 725 Millionen US-Dollar mit Fälligkeit 2030 im Rahmen einer Privatplatzierung gemäß Rule 144A und Regulation S des Securities Act anzubieten. Das Unternehmen beabsichtigt, die Erlöse zusammen mit Krediten aus einer neuen revolvierenden Kreditfazilität zu verwenden, um seine bestehende Term Loan Kreditvereinbarung vollständig zurückzuzahlen.
Die Notes werden ausschließlich qualifizierten institutionellen Käufern gemäß Rule 144A und Nicht-US-Personen gemäß Regulation S angeboten. Das Angebot unterliegt den Marktbedingungen und den üblichen Abschlussvoraussetzungen. Die Notes werden nicht nach dem Securities Act registriert und können ohne Registrierung oder entsprechende Ausnahme nicht innerhalb der Vereinigten Staaten verkauft werden.
- Planned refinancing of existing term loan through $725 million senior notes offering
- Company securing new revolving credit facility to support debt restructuring
- Additional debt burden with new senior notes due 2030
- Limited marketability of notes due to private placement restrictions
Insights
HighPeak Energy is refinancing debt through $725M senior notes, potentially improving financial flexibility without increasing overall debt burden.
HighPeak Energy's proposed
This refinancing approach offers several potential advantages. By extending debt maturities to 2030, HighPeak gains improved long-term financial flexibility. The structure itself represents an evolution in the company's financing approach, moving from a traditional term loan to a combination of senior notes (fixed-rate, longer-term instruments) and a revolving credit facility (which typically offers more operational flexibility for drawing and repaying funds as needed).
The private placement structure under Rule 144A and Regulation S is standard practice for these transactions, allowing HighPeak to access institutional capital markets efficiently while avoiding the more extensive regulatory requirements of public offerings. This approach targets sophisticated institutional investors and non-U.S. persons, suggesting confidence in attracting significant investor interest.
While the announcement lacks specifics on interest rates or terms of the new debt instruments, the timing suggests HighPeak may be seeking to optimize its capital structure in the current interest rate environment. For an exploration and production company with capital-intensive operations, having appropriate debt structures with manageable maturities is crucial for maintaining financial stability through commodity price cycles.
The transaction remains subject to market conditions and customary closing requirements, so investors should monitor its completion as an indicator of institutional confidence in HighPeak's financial outlook and business model.
FORT WORTH, Texas, June 30, 2025 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced that it intends to offer, subject to market and customary conditions,
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.
The Notes to be offered will not be registered under the Securities Act or under any state or other securities laws, and will be issued pursuant to an exemption therefrom, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person, absent registration or an applicable exemption from registration requirements.
The Notes are being offered only to persons who are either reasonably believed to be “qualified institutional buyers” under Rule 144A or who are non-“U.S. persons” under Regulation S as defined under applicable securities laws.
This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HighPeak Energy, Inc.
HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, with respect to the offering and the use of proceeds. These forward-looking statements, including statements regarding the intention, completion, timing and option relating to the offering, represent the Company’s expectations or beliefs concerning future events. These forward-looking statements are subject to risks and uncertainties related to market conditions and the satisfaction of customary closing conditions related to the offering. There can be no assurance that the Company will be able to complete the offering. When used in this document, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date on which they are made. The Company cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company, incident to the development, production, gathering and sale of oil, natural gas and natural gas liquids.
Investor Contact:
Ryan Hightower
Vice President, Business Development
817.850.9204
rhightower@highpeakenergy.com
Source: HighPeak Energy, Inc.
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