10:16 AM EDT, 09/03/2024 (MT Newswires) -- Gulfport Energy ( GPOR ) said Tuesday its subsidiary, Gulfport Energy Operating, has launched a cash tender offer for the outstanding 8.0% senior secured notes due 2026.

The notes have a principal amount outstanding of nearly $550 million, the company said.

The offer is set to expire on Sept. 9, unless extended or earlier terminated, Gulfport Energy ( GPOR ) said.

Shares of the company fell more than 4% in early trading.

Price: 138.91, Change: -6.15, Percent Change: -4.24