Australia’s Linc Energy to price $125 million first-lien notes

By Paul A. Harris

Portland, Ore., Aug. 5 – Linc USA GP and Linc Energy Finance (USA), Inc., wholly owned subsidiaries of Brisbane, Australia-based Linc Energy Ltd., announced in a Tuesday press release that they plan to sell $125 million of first-lien senior secured notes.

The deal is part of the company’s continuing strategy to develop its USA Oil and Gas Division, according to the release.

Imperial Capital LLC is sole bookrunner for the Rule 144A and Regulation S offering, according to a market source, who added that further details have not been announced.

Proceeds will be used to repay debt of certain restricted subsidiaries that will guarantee the notes and for general corporate purposes.

The energy producer has a commodity portfolio including oil, gas, shale and coal.

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