Clayton Williams to use borrowings from revolver to redeem 7¾% notes

By Toni Weeks

San Diego, June 9 - Clayton Williams Energy, Inc. said it will use borrowings under its revolving credit facility to fully redeem its $81,835,000 of 7¾% senior notes due 2013, according to a press release.

The notes will be redeemed at par plus accrued interest on Aug. 1.

Clayton Williams is an independent energy company located in Midland, Texas.

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