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EP Energy to repay term loans due 2021 via $600 million notes issue
By Susanna Moon
Chicago, Jan. 31 – EP Energy Corp.’s wholly owned subsidiary, EP Energy LLC, plans to repay its senior secured term loans due 2021 using proceeds of a new notes issue.
EP Energy and its wholly owned subsidiary, Everest Acquisition Finance Inc., as co-issuer, plan to price $600 million principal amount of senior secured notes due 2025 in a private placement under Rule 144A and Regulation S, according to a company announcement.
EP Energy is a Houston-based oil and natural gas exploration and production company.
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