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Silver Point Capital and MacKay Shields Sell Gulfport Energy Shares in Additional Secondary Public Offering
- Client News
- December 14, 2023
Practices
Paul, Weiss advised certain entities managed by Silver Point Capital, L.P. and MacKay Shields LLC as the selling stockholders in a secondary offering of 653,464 shares of Gulfport Energy Corporation. The offering resulted in total gross proceeds of approximately $84.2 million.
Under the terms of the transaction, Gulfport did not receive any proceeds from the sale. J.P. Morgan acted as the sole bookrunning manager for the offering.
The Paul, Weiss team was led by corporate partner Christodoulos Kaoutzanis and restructuring partner Andrew Rosenberg.