Denbury Prices, Increases Senior Notes Offer
January 23, 2013
Denbury Resources Inc. (NYSE: DNR) has priced its public offering of senior subordinated notes due 2023 and has increased it from $1 billion to $1.2 billion.
The notes will carry a coupon rate of 4.625% and are being sold at 100% of par. The company expects to sale to close on Feb. 5.
Net proceeds will be used to fund the repurchase of any and all of its $426.4 million aggregate principal amount of 9.75% senior subordinated notes due March 2016 and any and all of its $224.9 million aggregate ...
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