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Carrizo Prices Upsized Offering Of $300 Million Of Senior Notes

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September 5, 2012

Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) announced it has priced an underwritten public offering of $300 million aggregate principal amount of its senior notes due 2020 under its existing shelf registration statement. The offering is expected to close on September 10, 2012, subject to customary closing conditions. 

Carrizo intends to use the net proceeds from the proposed offering to repay borrowings outstanding under the Company's senior secured revolving credit facility and for general corporate purposes.

The notes will bear interest at a rate of 7.50% per annum and will ...

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