Alta Mesa to repay revolver debt via unit's senior notes offering

By Ashley Montgomery

Kansas City, Kan., Oct. 2 - Alta Mesa Holdings, LP plans to use the proceeds from subsidiary Alta Mesa Finance Services Corp.'s note offering to repay its senior secured revolving credit facility, according to a news release.

The subsidiary is offering $100 million of 9 5/8% senior notes due 2018 to qualified institutional buyers.

Alta Mesa is a Houston-based onshore oil and gas exploration and production company.

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