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Melrose to start roadshow Monday for €250 million eight-year notes
By Paul A. Harris
St. Louis, Oct. 18 - Melrose Resources plc will start a roadshow on Monday for its €250 million offering of eight-year senior subordinated notes, according to market sources.
Merrill Lynch & Co. has the books. HBOS is the joint lead manager.
The notes come with four years of call protection.
Proceeds will be used to refinance debt and provide working capital for the company's projected exploration and development program.
Melrose Resources is a United Kingdom-based oil and gas exploration and development company.
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