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Prospect News home > News index > List of issuers E > Headlines for Evergreen Resources, Inc. > News item |
Evergreen to sell $200 million notes
New York, Feb. 25 - Evergreen Resources, Inc. said it plans to sell $200 million of eight-year senior subordinated notes.
Proceeds will be used to completely repay its credit facilities, to provide funding for future development and for general corporate purposes.
The Denver independent energy company said the offering is expected to close in March.
The notes will be sold under Rule 144A.
No further information was available about the deal, which was announced late Wednesday.
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