Laredo Petroleum Inc, founded in 2006 and headquartered in Tulsa, Oklahoma, is an independent oil and natural gas exploration and production company focused primarily on the development of unconventional resources in the Permian Basin. The company aims to deliver sustainable growth and increased shareholder value through the efficient exploration and production of crude oil, natural gas, and natural gas liquids.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| LPI 7.75% 2029-07-31 USDLaredo Petroleum Inc | United States | 2029-07-31 | 7.750 | 7.87 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Laredo Petroleum has actively engaged in the bond market since its inception, with its first bond issuance taking place in 2012. Noteworthy among its bond offerings is a $500 million senior unsecured notes issuance in 2021, which was utilized to refinance existing debt, optimizing its capital structure. As of October 2023, Laredo's bond yields are competitive within the industry, reflecting its strong financial position, while the notes carry features such as call options that provide flexibility during favorable market conditions. Recent market developments highlight Laredo's ongoing commitment to maintaining a solid credit profile and seizing growth opportunities through strategic financing.