10:06 AM EDT, 03/15/2024 (MT Newswires) -- Callon Petroleum ( CPE ) disclosed Friday early tender results of the offers for its 8% senior notes due 2028 and 7.5% senior notes due 2030.
About $641.1 million, or around 98.6% of the 2028 notes, and about $584.2 million, or about 97.4% of the 2030 notes, were tendered at or before 5 p.m. ET Thursday, the company said.
The offers are contingent upon the closing of the merger among Callon, APA Corp. (APA) and APA unit Astro Comet Merger Sub, Callon said.
Callon won't accept the tendered notes if the merger doesn't take place on or before the settlement date, it said.
The expiration time of the offers is at or before 11:59 p.m. ET on March 28, Callon said.
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