On Tuesday, Denbury Resources Inc. (NYSE:DNR)’s shares inclined 9.09% to $2.04.
Denbury Resources Inc. (DNR) declared the commencement of private offers (the “Exchange Offers”) to Eligible Holders of its outstanding 6⅜% Senior Subordinated Notes due 2021, 5½% Senior Subordinated Notes due 2022, and 4⅝% Senior Subordinated Notes due 2023 (collectively, the “Old Notes”) to exchange a portion of their Old Notes for up to $650 million (such amount, the “Maximum Exchange Amount”) of newly issued 7½% Senior Notes due May 15, 2022 (the “New Senior Notes”). The New Senior Notes will be senior in right of payment to the portion of the Old Notes which remain outstanding after giving effect to the Exchange Offers and to any other current or future subordinated indebtedness of the Company. The Exchange Offers are being made upon the terms and subject to the conditions set forth in the offering memorandum (the “Offering Memorandum”) and the related letter of transmittal (the “Letter of Transmittal”), each dated December 21, 2015.
The Exchange Offers will expire at 11:59 p.m., New York City time, on January 20, 2016, unless extended or earlier terminated by the Company (the “Expiration Time”). For each $1,000 principal amount of Old Notes validly tendered and not validly withdrawn preceding to 5:00 p.m., New York City time, on January 7, 2016 (as it may be extended, the “Early Participation Time”), Eligible Holders will be eligible to receive the “Total Exchange Consideration” set forth in the table below, which comprises the “Early Participation Premium”.
In addition to the Exchange Consideration or Total Exchange Consideration, as applicable, the Company will pay in cash accrued and unpaid interest on Old Notes accepted in the Exchange Offers from the last interest payment date applicable to, but not counting the Settlement Date (as defined in the Offering Memorandum) for the Exchange Offers. Interest on the New Senior Notes will accrue from the Settlement Date.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
Devon Energy Corp (NYSE:DVN)’s shares gained 3.43% to $29.83. The market capitalization of Devon Energy Corp (NYSE:DVN) is $11.85 billion with the total traded volume of the company is 8.73 million. Turning to market valuation, the Price-to-Sales ratio is 0.75 and the Price-to-Book ratio is finally 1.05. The dividend yield amounts to 3.22 percent and the beta ratio has a value of 1.64.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada.
Teradata Corporation (NYSE:TDC)‘s shares surged 2.39% to $26.94. The last trading range of Teradata Corporation (NYSE:TDC) ranges between $26.14 and $27.05. The EPS of the company stands at $-0.40. The 52-week range shows that the stock reached higher at $47.03 while its lower range is $24.00 in the last 52-weeks. The average volume of the company is at 2.16 million with the Outstanding Shares of 133.00 million. The market capitalization of the company is $3.50 billion. The Beta of the company stands at 1.03 with the RSI (Relative Strength Index) of 43.57.
Teradata Corporation provides analytic data platforms, marketing and analytic applications, and related services in the United States and internationally. Its analytic data platforms comprise software, hardware, and related business consulting and support services for data warehousing and big data analytics.
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