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Penn Virginia Corporation closes sale of Mississippi assets


Published Aug 5, 2014
Penn Virginia Corporation

Penn Virginia Corporation has closed the previously announced sale of its Mississippi assets to an undisclosed buyer. The gross cash proceeds of the sale were approximately $73 million.

In addition, we received approximately $35 million, including accrued interest, as a settlement of arbitration related to our significant 2013 Eagle Ford acquisition.

As of June 30, 2014, we had total debt of $1,130 million, including $55 million outstanding under our revolving credit facility (Revolver).

Tags: Penn Virginia Corporation




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