Goodrich prices public offering of common stock

Goodrich Petroleum Corp. (NYSE: GDP) has priced its public offering of 12,000,000 shares of the company's common stock at $4.15 per share. The offering is expected to settle and close on March 5.

The gross proceeds from the offering will be approximately $49.8 million. The company intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.

JP Morgan Securities LLC is acting as sole book-running manager for this offering. 

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