Linc Energy markets $265 million private placement of five-year notes

By Paul A. Harris

Portland, Ore., Sept. 19 - Linc Energy Ltd. subsidiary Linc USA GP is roadshowing a $265 million private placement of five-year senior secured notes, according to an informed source.

The source added that the roadshow is set to wrap up on Monday, and the deal is expected to price in the early or middle part of the week ahead.

Imperial Capital is the lead placement agent. ISM Capital is the joint placement agent.

The notes have 2.5 years of call protection.

High-yield credit ratings are expected to be announced shortly, the source said on Wednesday.

The company plans to use the proceeds to repay debt, to fund capital expenditures and for general corporate purposes.

Linc Energy is an energy exploration and production company based in Brisbane, Australia. Its head office in North America is in Denver.

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