Houston-based Carrizo Oil & Gas Inc. (Nasdaq: CRZO) reports it has satisfied the financing condition to its previously announced tender offer for up to $300 million aggregate principal amount outstanding of its 4.375% convertible senior notes due 2028, of which approximately $373.75 million principal amount is currently outstanding. The financing condition was satisfied by the successful completion of Carrizo's offering of $400 million aggregate principal amount of its senior unsecured notes due 2018.
Carrizo has retained Credit Suisse Securities (USA) LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC as dealer managers.
Carrizo Oil & Gas has oil and gas interests primarily in the Barnett shale in North Texas, the Marcellus shale in Appalachia, the Eagle Ford shale in South Texas, the Niobrara formation in Colorado and in proven onshore trends along the Texas and Louisiana Gulf Coast regions.
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