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Oklahoma business briefs for Dec. 19, 2012

Oklahoma business briefs, Dec. 19
Published: December 19, 2012

Temtrol to expand

Air handling and coil manufacturer Temtrol is adding on to its plant and office building. The 80,000-square-foot addition will allow Temtrol to expand its production capabilities for new products, with space for new customer and employee training areas. Temtrol, which was founded in 1955, is Okarche's largest employer. “This plant expansion will support Temtrol's growth plans for many years, providing opportunities for current employees and for those who will join us in the future,” general manager Andy Halko said.

Gulfport prices offering

Gulfport Energy Corp. has priced an offering of $50 million of its 7.75 percent senior notes due 2020 at an issue price of 101 percent of the aggregate principle amount. The Oklahoma City energy company on Oct. 17 completed a private placement of $250 million of notes with the same terms. The two offerings will be treated as a single class of debt securities under the same indenture. Gulfport said it will use the proceeds for general corporate purposes, including the funding of a portion of its 2013 capital development plan.

From Staff Reports