Indigo Natural Resources to pay down revolver with new notes

Chicago, Jan. 19 – Indigo Natural Resources LLC announced that it will use the proceeds from an announced offering of new notes to partially repay borrowings under its revolver, according to a press release.

The company launched the new notes sized at $700 million.

Proceeds will primarily be used to redeem all of the company’s 6 7/8% senior notes due 2026.

Indigo is a Houston-based independent natural gas and natural gas liquids company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.