Finance - Redemptions
The units were priced at $25 each, and Enable redeemed about $363 million of notes payable to subsidiary CenterPoint Energy Resources Corp. These notes will mature in 2017.
The redemption represents a $50 million liquidation preference, and the redemption date is Jan. 8, 2016. The credit facilities funded the total price with Computershare, the paying agent and transfer agent, on Dec. 8.
A Manhattan federal judge ruled Chesapeake must pay bondholders an additional $379.7 million, after an appeals court ruled a series of senior notes was improperly redeemed at par, Bloomberg said.
On April 6, the proceeds will redeem US$700 million in long-term debt that matures in 2017 and CA$750 million in long-term debt that matures in 2018.
The redemption price will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25.
The notes will be redeemed on Oct. 23, the company said.
They will be redeemed on June 26, Range said.
The redemption price will be 103.813% of the notes’ principal amount, plus accrued and unpaid interest, NRG said.
Payments pursuant to the redemption are scheduled to be made April 28, the company added.
Additional equity came from Rock Oil’s management team, the company added.
The notes are worth $150 million in aggregate principal amount, and the redemption price equals 104.125% of this amount, the company said.
ONEOK Inc. redeemed all its outstanding 5.2% senior notes, worth $400 million, due 2015, the company said Feb. 3.