Bill Barrett Corp., Denver, (NYSE: BBG) announced today the final results of its previously announced offer to purchase its 5% Convertible Senior Notes due 2028. The holders' right to tender notes for purchase expired on March 20.
The company has been advised by Deutsche Bank Trust Company Americas, the paying agent, that $147,156,000 aggregate principal amount of the notes, representing 85.31% of the total notes currently outstanding, were validly surrendered to the paying agent and not withdrawn. The company has accepted all such notes for payment. In accordance with the terms of the indenture governing the notes, the company has forwarded to the paying agent the appropriate amount of cash required to pay the total cash purchase price of approximately $147.3 million for the surrendered notes, including accrued interest, and the paying agent will distribute the cash to the holders as soon as practicable in accordance with the indenture governing the notes. After the offer, $25,344,000 aggregate principal amount of the notes, representing 14.69% of the total notes, is outstanding.
Recommended Reading
Oceaneering Won $200MM in Manufactured Products Contracts in Q4 2023
2024-02-05 - The revenues from Oceaneering International’s manufactured products contracts range in value from less than $10 million to greater than $100 million.
E&P Highlights: Feb. 5, 2024
2024-02-05 - Here’s a roundup of the latest E&P headlines, including an update on Enauta’s Atlanta Phase 1 project.
CNOOC’s Suizhong 36-1/Luda 5-2 Starts Production Offshore China
2024-02-05 - CNOOC plans 118 development wells in the shallow water project in the Bohai Sea — the largest secondary development and adjustment project offshore China.
TotalEnergies Starts Production at Akpo West Offshore Nigeria
2024-02-07 - Subsea tieback expected to add 14,000 bbl/d of condensate by mid-year, and up to 4 MMcm/d of gas by 2028.
US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks
2024-02-09 - Despite this week's rig increase, Baker Hughes said the total count was still down 138 rigs, or 18%, below this time last year.