Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eagle Rock Energy Partners LP > News item |
Eagle Rock talks $300 million eight-year notes with 8¼%-8½% yield
By Paul A. Harris
Portland, Ore., May 23 - Eagle Rock Energy Partners LP talked its $300 million offering of eight-year senior notes (B3/B-/) with an 8¼% to 8½% yield on Monday, according to an informed source.
The order books close at 1 p.m. ET on Tuesday.
Wells Fargo Securities LLC is the left bookrunner for the Rule 144A with registration rights offering.
Bank of America Merrill Lynch, BNP Paribas and RBS Securities Inc. are the joint bookrunners.
BBVA Securities, Citigroup Global Markets Inc., Comerica Investments, ING, Morgan Keegan, RBC Capital Markets and Scotia Capital are the senior co-managers. Capital One South Coast is the co-manager.
The notes, which are coming to market via special purpose vehicle Eagle Rock Energy Finance Corp., come with four years of call protection.
The Houston-based natural gas company plans to use the proceeds to repay revolver borrowings and debt assumed in the Crow Creek acquisition and for general corporate purposes.
© 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.