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Prospect News home > News index > List of issuers E > Headlines for Energy XXI (Bermuda) Ltd. > News item |
Energy XXI Gulf Coast to price $250 million eight-year notes Thursday
By Paul A. Harris
Portland, Ore., Feb. 9 - Energy XXI Gulf Coast, Inc. plans to price a $250 million offering of eight-year senior notes on Thursday, according to market sources.
RBS Securities Inc. will be the bookrunner.
Proceeds will be used to redeem the company's 10% senior notes due 2013 and to repay outstanding debt under the revolving credit facility.
The issuing entity is the operating subsidiary of Hamilton, Bermuda-based Energy XXI (Bermuda) Ltd., an oil and natural gas exploration and production company.
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