HOUSTON, March 10, 2015 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) (the "Company") today announced that it has closed its previously announced public offering of 12,000,000 shares of the Company's common stock at $4.15 per share. Gross proceeds from the offering totaled 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.
J.P. Morgan Securities LLC acted as sole book-running manager for the offering.
Goodrich Petroleum is an independent oil and natural gas exploration and production company listed on the New York Stock Exchange.
SOURCE Goodrich Petroleum Corporation