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CM - PDC closes $448MM in note buybacks, adjusts 2020 expectations - March 2020

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PDC Energy, Inc. announced that holders of $448 million of the 6.25% senior notes due 2025 issued by the former SRC Energy tendered the notes for redemption by the Feb. 18 deadline. That leaves about $102 million principal amount of the 2025 notes outstanding. PDC assumed the notes when it bought SRC in January for $1.015 billion in stock and the assumption of its $685 million of net debt. Upon closing of the tender......
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