Houston-based, privately held Belden & Blake Corp. plans to redeem all of its remaining outstanding 8.75% senior secured notes due 2012. The current outstanding balance is $139.475 million.
The company expects to redeem the notes on May 24, 2011, at a redemption price of 100% of their principal amount, plus accrued and unpaid interest to the redemption date.
Cede & Co., the record holder for each of the notes, as nominee of The Depository Trust Co., has been notified of the redemption. DTC will manage all communication with broker-dealer firms and underlying beneficial owners. The company has no control over the DTC redemption process. Owners of notes should contact their financial advisers for more specific details regarding their broker-dealer's procedures.
Belden & Blake is an independent energy company engaged in the exploitation, development, production, operation and acquisition of oil and natural gas properties.
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