EP Energy sets talk at 7% area for €500 million seven-year notes

By Christine Van Dusen

Atlanta, Jan. 31 - Emerging markets-focused EP Energy Corp. set price talk in the 7% area for its upcoming seven-year issue of €500 million notes (expected ratings: B1//B+), a market source said.

JPMorgan, Citigroup, Societe Generale, RBS and UniCredit are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for refinancing, share buybacks and fees and expenses.

EP Energy is a Houston-based oil and natural gas exploration and production company with businesses in Germany, the Czech Republic and Slovakia.

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