American Eagle Energy to pay down bank debt with notes proceeds

By Sara Rosenberg and Paul A. Harris

New York, Aug. 4 – American Eagle Energy Corp. plans to repay borrowings under its credit facility using proceeds from a $175 million senior secured notes offering, according to a market source.

Remaining proceeds will be used for general corporate purposes.

American Eagle is a Denver-based independent oil and gas acquisition, exploration and development company.

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