Houston Exploration starts roadshow for $150 million 10-year notes

By Paul A. Harris

St. Louis, May 30 - Houston Exploration Co. started the roadshow Friday for $150 million of senior subordinated notes due 2013 (existing ratings B2/B), according to an informed source.

The deal is expected to price late in the week of June 2, the source added.

Wachovia Securities, inc. is the bookrunner for the Rule 144A transaction. Fleet Securities is co-manager.

The notes will be non-callable for five years.

Proceeds will be used to call the 8 5/8% senior subordinated notes.

Houston Exploration is an oil and gas exploration and production comapany.

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