Laredo Petroleum Inc. - 2011-01-24
Description
Sold senior unsecured notes to eligible purchasers in the private placement market.
Net proceeds will be used to pay in full and retire the company's term loan facility, to pay down all loan amounts outstanding under its senior secured credit facility and for general working capital purposes.
Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo Securities were joint book-running managers. BMO Capital Markets was lead manager, and affiliates of the other banks in Laredo's credit facility and Tudor, Pickering, Holt & Co. were co-managers.