Ultra Petroleum Notes Pricing of $450M Senior Note Offering

Ultra Petroleum Corp. announced the pricing of its private placement of $450 million aggregate principal amount of 5.75 percent senior unsecured notes due 2018 at par. The size of the offering was increased from the previously announced $400 million aggregate principal amount. The securities were offered pursuant to exemptions from registration under the Securities Act of 1933, as amended (the Securities Act). The company expects to close the offering Dec. 12, subject to customary closing conditions. Ultra intends to use the net proceeds to fund a portion of the purchase price of its recently announced Uinta Basin acquisition.

The securities have not been registered under the Securities Act or any state securities laws; and, unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable state securities laws. The securities may be resold by the initial purchasers pursuant to Rule 144A and Regulation S under the Securities Act.

This notice is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities. There shall not be any sale of the notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable laws.


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