Goodrich Petroleum Closes Senior Secured Note Offering

HOUSTON, March 12, 2015 /PRNewswire/ -- Goodrich Petroleum Corporation GDP (the "Company") today announced that it has closed its previously announced offering of $100 million aggregate principal amount of 8% senior secured notes issued at par due 2018.  Net proceeds from the offering totaled approximately $98 million.  The Company intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.

Goodrich Petroleum is an independent oil and natural gas exploration and production company listed on the New York Stock Exchange.

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SOURCE Goodrich Petroleum Corporation