Vine Energy Inc. (VEI) Reports Q1 Loss of $0.45 on Revenues of $118.12M
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Vine Energy Inc. Announces First-Quarter 2021 Results and Provides 2021 Guidance
May 17, 2021 7:00 AM EDTPLANO, Texas--(BUSINESS WIRE)-- Vine Energy Inc. (NYSE: VEI) (Vine or the Company) today reported first-quarter 2021 results and provided full-year 2021 guidance and select guidance for the second-quarter 2021.
Highlights
Completed IPO on March 17, 2021, raising net proceeds of approximately $322 million Issued $950 million of 8-year, 6.75% senior unsecured notes to retire predecessor company notes; projected to save nearly $20 million per year in cash interest expense Closed on a new reserves-based lending facility (RBL) with an initial borrowing base of $350 millionThe highlights presented below reflect select financial metrics from the... More
