Compton Petroleum to repay bank debt with bond proceeds

By Sara Rosenberg

New York, March 24 - Compton Petroleum Corp. plans to repay some debt under its senior secured credit facility using proceeds from its $150 million of 7 5/8% senior notes offering, according to a company news release.

The notes offering is expected to close on or about April 4.

Compton is an Alberta-based natural gas, natural gas liquids and crude oil company.

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