HOUSTON, Sept. 2, 2014 /CNW/ -- Ultra Petroleum Corp.
(NYSE: UPL) today announced that, subject to market conditions, the
company intends to offer $700.0
million in aggregate principal amount of senior unsecured
notes due 2024 in a private placement pursuant to exemptions from
registration under the Securities Act of 1933, as amended (the
"Securities Act"). Ultra intends to use the net proceeds of this
offering to fund a portion of the purchase price of its recently
announced Pinedale field acquisition.
The securities to be offered have not been registered under the
Securities Act or any state securities laws, and unless so
registered, the securities may not be offered or sold in
the United States except pursuant
to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and any other
applicable state securities laws. The securities may be resold by
the initial purchasers pursuant to Rule 144A and Regulation S under
the Securities Act.
This notice is being issued pursuant to Rule 135c under the
Securities Act, and is neither an offer to sell nor a solicitation
of an offer to buy the notes or any other securities. There shall
not be any sale of the notes or any other securities in any state
or other jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under
applicable laws.
About Ultra Petroleum
Ultra Petroleum Corp. is an independent energy company engaged
in domestic natural gas and crude oil exploration, development and
production. The company is listed on the New York Stock Exchange
and trades under the ticker symbol "UPL".
This notice includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical fact, including
opinions, forecasts, projections or other statements that address
activities, events or developments which may occur in the future
are forward-looking statements. Although we believe the
expectations reflected in the forward-looking statements in this
notice are reasonable, we can give no assurance such expectations
will prove to have been correct. Certain risks and uncertainties in
our business are set forth in our filings with the Securities &
Exchange Commission ("SEC"), particularly in the section entitled
"Risk Factors" included in our Annual Report on Form 10-K and from
time to time in other filings made by us with the SEC. These risks
and uncertainties include our ability to complete the Pinedale
acquisition, our ability to integrate any properties we acquire
into our existing business, the timing and extent of changes in
prices for oil and gas, the condition of the capital markets
generally, as well as our ability to access the capital markets,
the timing and extent of our success in discovering, developing,
producing and estimating reserves, the effects of weather and
government regulation, availability of oil field personnel,
services, drilling rigs and other equipment, and other important
factors listed in the reports we file with the SEC which could
cause our actual results to differ materially from any projections
in the reports filed by the company with the SEC.
Logo -
http://photos.prnewswire.com/prnh/20020226/DATU029LOGO
SOURCE Ultra Petroleum Corp.