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EPL Prices $300 Million Of Senior Notes

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October 18, 2012

EPL Oil & Gas Inc. (NYSE: EPL) announced the pricing of its private placement of $300 million of 8.25% senior unsecured notes due 2018. The offering size represents an increase of $50 million over the company's previously announced intention to offer $250 million in aggregate principal amount of its senior notes.

The net proceeds from the private placement of the senior notes are expected to be approximately $288 million. The net proceeds will be deposited into escrow pending completion of the company's previously-announced acquisition from Hilcorp Energy GOM Holdings LLC ...


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