Salamander Energy to sell $150 million bonds following roadshow

By Paul A. Harris

Portland, Ore., Nov. 14 - London-based Salamander Energy is in the market with a $150 million offering of callable, non-rated high-yield senior bonds due 2020.

The deal, which is being led by Pareto Securities, is expected to price following a roadshow, according to an informed source.

The independent upstream oil and gas exploration and production company plans to use the proceeds for general corporate purposes including debt refinancing, including $50 million under the Kerendan bridge facility and (at Salamander's discretion) up to $100 million of the convertible bonds.

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