Journey reported third quarter financial and operating results that were largely in line with both GMPFE and consensus expectations, though AFFO missed on increased cash costs and lower realized pricing (AFFOPS of $0.15 vs. GMPFE $0.16 vs. consensus $0.16). On September 30, 2019, Journey refinanced 2x prior notes totaling $52 mm, repaying $8 mm in principal and replacing/extending the remaining $44 mm through the issuance of 2x 2nd lien notes.
