Belden & Blake says no 8¾% notes tendered in change-of-control offer

New York, Oct. 12 - Belden & Blake Corp. said that no securities were tendered in its cash offer to buy for any and all of its outstanding $192.5 million of 8¾% senior secured notes due 2012.

The tender ended at 9 a.m. ET on Oct. 12 after being extended from 9 a.m. ET on Sept. 26.

Belden & Blake was offering to repurchase the notes at 101%.

The North Canton, Ohio, developer and producer of oil and natural gas properties was also offering to pay accrued interest up to but excluding the payment date.

On Aug. 16, parent Capital C Energy Operations was acquired by institutional funds managed by EnerVest Management Partners, Ltd., which resulted in a change of control requiring Belden & Blake to tender for the notes.

Global Bondholder Services Corp. (866 795-2200 or call collect 212 430-3774) will answer documentation requests.

© 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.