New Issue: Transmeridian prices $250 million 12% five-year notes

St. Louis, Dec. 16 - Transmeridian Exploration Inc. prices $250 million of 12% five-year senior secured notes and warrants to purchase approximately 17.3 million shares of the company's common stock in a private placement on Dec. 12, according to a document that the company filed Friday with the Securities and Exchange Commission.

Proceeds will be used to fund the pending acquisition of Bramex Management Inc.

The issuer is a Houston-based independent energy company.

Issuer:	Transmeridian Exploration Inc.
Amount:	$250 million senior secured notes due 2010 and warrants to purchase approximately 17.3 million shares of the company's common stock
Maturity:	Dec. 15, 2010
Coupon:	12%
Number of units:	250,000
Call features:	Callable on or after Dec. 15, 2008 at 106, 103, par on and after June 15, 2010
Equity clawback:	Until Dec. 15, 2008 for up to 35% at 106
Price per unit:	$1,000
Unit structure:	$1,000 of notes and 69.054 warrants

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