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LAREDO PETROLEUM,INC. (NYSE:LPI) Files An 8-K Termination of a Material Definitive Agreement

LAREDO PETROLEUM,INC. (NYSE:LPI) Files An 8-K Termination of a Material Definitive AgreementItem 8.01. Termination of a Material Definitive Agreement.

Information set forth in Item 8.01 below, as to the satisfaction and discharge of the Indenture governing the 2022 Notes (as such terms are defined below), is incorporated by reference into this Item 8.01.

Item 8.01. Other Events.

As previously disclosed, on October 30, 2017, Laredo Petroleum, Inc. (the “Company”) called for redemption all $500,000,000 aggregate principal amount of its 7.375% Senior Notes due 2022 (the “2022 Notes”). On November 29, 2017 (the “Redemption Date”), the entire $500,000,000 outstanding principal amount of the Company’s 2022 Notes was redeemed at a redemption price of 103.688% of the principal amount of the 2022 Notes, plus accrued and unpaid interest up to, but not including, the Redemption Date (the “Redemption”). As a result of the Redemption, the Indenture, dated as of April 27, 2012 (the “Base Indenture”), by and among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee, as supplemented by that certain Supplemental Indenture, dated as of April 27, 2012 (the “Supplemental Indenture”), and that certain Second Supplemental Indenture, dated as of December 31, 2013 (the “Second Supplemental Indenture”), as supplemented by that certain Amended & Restated Supplemental Indenture, dated as of June 24, 2014 (the “Amended & Restated Supplemental Indenture”), which amended and restated the Supplemental Indenture and the Second Supplemental Indenture, and as further supplemented by that certain Fourth Supplemental Indenture, dated as of December 3, 2014 (the “Fourth Supplemental Indenture” and, together with the Base Indenture, the Supplemental Indenture, the Second Supplemental Indenture and the Amended & Restated Supplemental Indenture, the “Indenture”), governing the 2022 Notes is discharged and ceases to be of further effect as to all outstanding notes thereunder (subject to certain exceptions) as of the Redemption Date.

About LAREDO PETROLEUM,INC. (NYSE:LPI)
Laredo Petroleum, Inc. (Laredo) is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. The Company’s segments include Exploration and production, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted by the Company through the exploration and development of its acreage in the Permian Basin. It focuses on development activities in over four targets for horizontal drilling (Upper, Middle and Lower Wolfcamp and Cline formations). It has over 131,760 of the net acres in the Permian-Garden City area. The Midstream and marketing segment’s operations are conducted by its subsidiary, Laredo Midstream Services, LLC, which buys, sells, gathers and transports oil, natural gas and water. This system gathers, transports and delivers over 69,000 barrels per day.

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