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HighPeak Energy secures $450M preferred equity deal, $800M credit facility
Seeking Alpha ·
Seeking Alpha reports: HighPeak Energy gained 2.4% pre-market Tuesday after unveiling a refinancing plan through a $450M preferred equity investment and a new $800M reserve-based credit facility. HighPeak said it entered into an agreement with Indonesian sovereign fund PT Danantara Investment Management and Indonesian oil and gas company PT Energi Mega Persada Tb, who committed to purchasing 450K shares of a newly created 6% perpetual convertible preferred stock, which is expected to…