Linc Energy to price $125 million notes due 2017 Friday via Imperial

By Paul A. Harris

Portland, Ore., Aug. 8 – Australia-based Linc Energy Ltd. plans to price a $125 million offering of first-lien senior secured notes due 2017 on Friday, according to an informed source.

Imperial Capital LLC is the bookrunner for the Rule 144A and Regulation S with registration rights offering.

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

The issuing entities are Linc USA GP and Linc Energy Finance (USA) Inc., wholly owned subsidiaries of the Brisbane-based energy producer with a commodity portfolio including oil, gas, shale and coal.

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