ZaZa Energy plans to offer up to $10 million senior notes due 2024

By Marisa Wong

Madison, Wis., Nov. 27 - ZaZa Energy Corp. has registered to issue up to $10 million of senior notes due 2024, according to an S-1 filing with the Securities and Exchange Commission.

The notes will be offered on a best-efforts basis with MLV & Co. LLC as the lead underwriter.

Settlement will be in 2014.

ZaZa will use the proceeds, along with cash on hand, to pay down some of its 8% senior secured notes due Feb. 21, 2017.

The oil and gas exploration and production company is based in Houston.

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