Text Size:
A | A

Seven Generations Energy Closes Senior Note Offer

Text Size: A | A
 
February 6, 2014

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 ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription