Endeavour prices upsized $65 million convertibles to yield 6%, up 35%

New York, Jan. 13 - Endeavour International Corp. priced an upsized $65 million of convertible senior notes due 2012 to yield 6% with a 35% initial conversion premium.

The deal was increased from a planned size of $50 million.

The conversion price is $5.02 and the ratio 199.2032.

The deal, sold in a private placement, has a $16.25 million greenshoe, offered on a pro rata basis to the investors.

Endeavour, a Houston-based oil and gas company, said proceeds would be used to fund expenditures for oil and gas properties, for working capital and for general corporate purposes, which may include acquisitions.

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