Financial

Investor Update:- EP Energy Corporation (NYSE:EPE)

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EP Energy Corporation (NYSE:EPE) moved with change of 2.33% to $3.07 with the total traded volume of 1971191 shares versus to an average volume of 958.15K. The stock was up in the 5 days activity 14.94%. The one month performance of stock was 93.55%. EP Energy Corporation shares are at 67.60% for the quarter and driving a -33.92% return over the course of the past year and is now at 27.12% since this point in 2018.  Right now EPE beta is 4.1. The average volatility for the week and month was at 8.75% 10.30% respectively.

EP Energy LLC (“EP Energy”), a wholly-owned subsidiary of EP Energy Corporation (NYSE:EP Energy Corporation), today announced that it and its wholly-owned subsidiary, Everest Acquisition Finance Inc., as co-issuer (together with EP Energy, the “Issuers”), intend to offer $1,000.0 million aggregate principal amount of its Senior Secured Notes due 2026 (the “Notes”) in a private placement.  The liens on the collateral securing the Notes will be junior to the liens on the collateral securing EPE Corporation senior secured RBL facility and senior to the liens on the collateral securing each tranche of EP Energy’s existing senior secured notes.

The Issuers intend to use the proceeds from the offering of the Notes, together with available cash on hand, (i) to repay amounts outstanding under EP Energy Corporation senior reserve based revolving credit facility, (ii) for other general corporate purposes and (iii) to pay related fees and expenses.

EP Energy Corporation

About EP Energy Corporation

The Company centers around improving the estimation of its top notch resource portfolio, expanding capital productivity, EP Energy Corporation up monetary adaptability, and seeking after accretive acquisitions and divestitures. EP Energy is attempting to set the norm for proficient advancement of hydrocarbons in the U.S. Learn more at epenergy.com.

Forward Looking Statements

This delivery incorporates sure forward-looking explanations and projections of EPE Corporation. Such proclamations are liable to dangers and vulnerabilities that could make results vary really from the Company’s assumptions. While the Company offers these expressions in compliance with common decency, neither. The Company nor its administration can ensure that expected future outcomes will be accomplished.

The Company expects no commitment to freely refresh or modify any forward-looking assertions. Made thus or some other forward-looking assertions made by the Company. Regardless of whether because of new data, future occasions, or something else. All forward-looking assertions inferable from the Company or people following. For the Company’s benefit are explicitly qualified completely by the previous preventative assertions.

All such assertions talk just as of the date made, and, besides as legally necessary. The Company embraces no commitment to refresh or overhaul freely any forward-looking explanations. Regardless of whether because of new data, future occasions or something else.

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