Stock Alert: PDC Energy Drops 12%

Shares of PDC Energy, Inc. (PDCE) are falling more than 12% Thursday morning at $12.89. It has been trading in the range of $4.51- $36.49 in the last one year.

PDC Energy today said it has commenced a registered offering of an additional $150 million existing 5.75% Senior Notes due 2026.

The Company intends to use the net proceeds from the offering to pay down debts among other purposes.

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