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representing 85.31% of the total notes currently outstanding, were validly surrendered to the paying agent and not withdrawn.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.
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