EP Energy plans to pay down revolver debt via $1 billion note offering

By Wendy Van Sickle

Columbus, Ohio, May 17 – EP Energy Corp. plans to repay debt outstanding under its reserve-based revolving credit facility with proceeds of an offering of $1 billion of senior secured notes due 2026, according to a press release.

The company will also use cash on hand to pay down the RBL facility. Any remaining proceeds will be used for general corporate purposes.

The oil and natural gas exploration and production company is based in Houston.

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