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Denbury Opens Senior Notes Buyback

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May 1, 2014

Denbury Resources Inc. (NYSE: DNR) opened an early buyback of its 8.25% senior subordinated notes due 2020, the company said April 30.

Notes that were not tendered or withdrawn by April 29 were included in the buyback, the company added, noting that any remaining are scheduled to be redeemed on May 30.

The notes have about $815 million in principal amount, the company said, noting that about 82% had been tendered and that payment for them was made April 30.

Additionally, Denbury said it closed the sale of $1.25 billion, ...

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