Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Energy XXI (Bermuda) Ltd. > News item |
Energy XXI Gulf Coast marketing $700 million seven-year secured notes
By Paul A. Harris
St. Louis, Nov. 30 - Energy XXI Gulf Coast, Inc. will conduct a brief investor roadshow for its $700 million offering of seven-year senior secured notes, according to market sources.
The roadshow runs through Thursday.
RBS Securities Inc., UBS Investment Bank and BNP Paribas Securities Corp. are the joint bookrunners.
The notes come with three years of call protection.
Proceeds, together with a draw on the company's revolver and cash on hand from recent equity offerings, will be used to finance the purchase of certain shallow-water Gulf of Mexico shelf oil and natural gas interests from ExxonMobil and to repurchase or redeem its 16% second-lien junior secured notes due 2014.
The prospective issuer is a Houston-based oil and gas exploration and production 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.