Venoco to repay 8¾% notes due 2011 with new deal proceeds, borrowings

New York, Sept. 30 - Venoco, Inc. said it plans to discharge its 8¾% senior notes due 2011 using proceeds from a planned sale of $150 million principal amount of senior notes due 2017.

The company will also use borrowings under its revolving credit facility to repay the notes.

Venoco is a Denver-based oil and gas exploration and development company.

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