Rosetta Resources to repay revolver borrowings using note proceeds

By Jennifer Chiou

New York, May 21 - Rosetta Resources Inc. said it intends to use the proceeds from a $400 million offering of 10-year senior notes to repay borrowings outstanding under its revolving credit facility.

Remaining proceeds will be used for general corporate purposes.

The issuer is a Houston-based oil and gas exploration and production company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.