Lone Pine Resources starts roadshow for $200 million five-year notes

By Paul A. Harris

Portland, Ore., Feb. 6 - Lone Pine Resources Canada, Ltd. began a roadshow on Monday for a $200 million offering of five-year senior notes, according to a syndicate source.

The deal is expected to price later this week.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Scotia Bank are the bookrunners.

The Rule 144A and Regulation S with registration rights notes come with three years of call protection and feature a three-year 35% equity clawback and a 101% poison put.

The Calgary, Alta.-based oil and gas exploration, development and production company plans to use the proceeds to repay debt.

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