Vine Oil & Gas starts roadshow for $530 million 5.5-year notes; pricing expected Friday

By Paul A. Harris

Portland, Ore., Oct. 10 – Vine Oil & Gas LP and Vine Oil & Gas Finance Corp. started a roadshow on Tuesday for a $530 million offering of 5.5-year senior notes, according to a syndicate source.

The Rule 144A and Regulation S for life notes, set to mature in April 2023, are expected to price on Friday.

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, HSBC Securities, Natixis and SG CIB are the joint bookrunners.

The notes become callable after three years at par plus 75% of the coupon.

The Plano, Texas-based oil and gas exploration and production company plans to use the proceeds to refinance debt.

© 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.