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Energy XXI Gulf Coast Inc. Prices Upsized Notes Offering

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May 13, 2014

Energy XXI Gulf Coast Inc. priced its private placement of $650 million, in aggregate principal amount, of 6.875% senior unsecured notes due 2024, the company said May 12.

The offer was upsized from $300 million, the company added.

The notes were sold at 100% of par, and the offer is scheduled to close May 27, Energy XXI Gulf Coast said.

A portion of the net proceeds will repay outstanding revolving credit facility debts, the company said. The remainder will fund part of the company’s pending acquisition of Houston-based EPL Oil ...


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