Lonestar Resources $200 million deal talked at 8¾% area, pricing seen Tuesday

By Paul Deckelman

New York, March 31 - Price talk of 8¾% was heard on Lonestar Resources America Inc.'s pending $200 million offering of five-year senior notes, high-yield syndicate sources said on Monday.

The order books are scheduled to close at 9:30 a.m. ET on Tuesday, with pricing expected thereafter.

Jefferies LLC is the bookrunner on the deal, while GMP Capital Inc. is the co-manager.

The Rule 144A/Regulation S for life notes have two years of call protection and then can be called at par plus 75% of the coupon.

Lonestar Resources, a Fort Worth, Texas-based independent oil and natural gas production and development company operating in the Eagle Ford Shale geological formation in southern Texas, plans to use the proceeds from the deal to refinance debt.

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