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Mission Resources $130 million seven-year notes talked to yield 9¼% area
By Paul A. Harris
St. Louis, March 30 - Price talk is in the area of 9¼% on Mission Resources Corp.'s proposed $130 million offering of seven-year senior notes (Caa2/CCC), a syndicate source said.
The deal is expected to price on Wednesday.
Guggenheim Capital Markets LLC is the bookrunner on the Rule 144A offering.
The notes come with four years of call protection.
Proceeds will be used to repay debt.
Mission Resources is a Houston-based independent oil and gas exploration and production company.
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