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Emerald Oil Prices Senior Notes

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March 19, 2014

Emerald Oil Inc. (NYSE MKT: EOX) priced $140 million, in aggregate principal amount, of convertible senior notes due 2019 in a private offering, the company said March 17.

Net proceeds should be about $166.8 million if purchasers exercise their monthlong option to purchase up to an additional $32.5 million in notes, Emerald Oil said.

Without the option exercised, net proceeds should be about $135.3 million, the company added, noting that proceeds will be used to repay all outstanding revolving credit facility borrowings, and also for general purposes, including the drilling ...

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