Unit Corporation Elects to Terminate Exchange Offer
27 Marzo 2020 - 6:15AM
Business Wire
Unit Corporation (the “Company” or “Unit”) elected to terminate
its offer to exchange (the “Exchange Offer”) any and all of its
outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No.
909218AB5 / ISIN US909218AB56) (the “Old Notes”) and solicitation
of consents from holders of the Old Notes (the “Consent
Solicitation”) upon the terms and conditions set forth in the
prospectus relating to the Exchange Offer and Consent Solicitation
(the “Prospectus”) included in Amendment No. 2 to the Registration
Statement, as amended, filed with the Securities and Exchange
Commission (File No. 333-234509).
Since the Exchange Offer has been terminated, the exchange
consideration will not be paid or become payable to holders of the
Old Notes who have validly tendered their Old Notes for exchange in
connection with the Exchange Offer, and the Old Notes tendered for
exchange pursuant to the Exchange Offer will be promptly returned
to the tendering holders. Since the Consent Solicitation has been
terminated, the proposed amendments to the indenture governing the
Old Notes will not become effective.
Global Bondholder Services Corporation is serving as information
and exchange agent for the proposed Exchange Offer and Consent
Solicitation. You should direct questions and requests for
assistance at (212) 430-3774 (for banks and brokers) or
(866)-470-4200 (toll free) (all others) or
contact@gbsc-usa.com.
Important Information
about the Exchange Offer
This press release is for informational purposes only and is not
an offer to buy or the solicitation of an offer to sell any
security.
Security holders are strongly urged to carefully review the
Registration Statement, the prospectus and the other related
documents and materials filed with the Securities and Exchange
Commission (the “SEC”), including the prospectus, and any
amendments and supplements thereto because they will contain
important information about Unit and the Exchange Offer and the
Consent Solicitation and are the sole means by which any offer to
exchange or any solicitation of any such offer will be made.
Investors and security holders may obtain a free copy of the
Registration Statement, the prospectus and related materials, and
other documents filed by Unit with the SEC, at the SEC’s website,
www.sec.gov. Free copies of Unit’s filings with the SEC have been
made available on Unit’s website, http://www.unitcorp.com.
A Registration Statement relating to these securities has
been filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted before
the Registration Statement becomes effective.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act. All
statements, other than statements of historical facts, included in
this release that address activities, events, or developments that
Unit expects, believes, or anticipates will or may occur are
forward-looking statements. Several risks and uncertainties could
cause actual results to differ materially from these statements,
including factors described occasionally in Unit’s publicly
available SEC reports. Unit assumes no obligation to update
publicly such forward-looking statements, whether because of new
information, future events, or otherwise.
Unit Corporation is a Tulsa-based, publicly held energy company
engaged through its subsidiaries in oil and gas exploration,
production, contract drilling and natural gas gathering and
processing. Unit’s Common Stock is listed on the New York Stock
Exchange under the symbol UNT. For more information about Unit
Corporation, visit its website at http://www.unitcorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200327005217/en/
Michael D. Earl Vice President, Investor Relations (918)
493-7700 www.unitcorp.com
Unit (NYSE:UNT)
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