Seven Generations Energy Ltd. closed a private placement of US $300 million, in aggregate principal amount, of 8.250% senior notes due 2020, the company said Feb. 5.
The notes, issued under supplemental indenture and priced at 107% of par, yielded US $321 million in gross proceeds, the company added.
Net proceeds will partly fund Seven Generations’ 2014 capex plan, the company said.
Before this offering, there was US $400 million, in aggregate principal amount, of initial senior notes for the same percentage, outstanding. These were issued May 10, 2013, the ...