Harvest Energy to start roadshow next week for $200 million seven-year notes

By Paul A. Harris

St. Louis, Sept. 30 - Harvest Operations Corp. (Harvest Energy Trust) will begin a roadshow next week for a $200 million offering of seven-year senior notes (B3/B-), according to a market source.

Pricing is expected to take place late next week.

The notes are non-callable for four years.

Morgan Stanley will run the books for the Rule 144A offering.

Proceeds will be used to repay the company's bridge facility in full and to partially repay its revolving credit facility.

Calgary, Alberta-based Harvest Energy Trust is an energy royalty trust that acquires and manages oil and gas properties.

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