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Mariner Energy to repay bank debt with stock, notes sales proceeds
By Sara Rosenberg
New York, June 2 - Mariner Energy Inc. plans to repay debt under its credit facility using proceeds from the sale of 10 million shares of its common stock and $250 million of senior notes due 2016, according to a news release.
Remaining proceeds will be used for general corporate purposes.
Mariner Energy is a Houston-based independent oil and gas exploration, development, and production company.
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