Denbury Resources Inc. (DNR) terminated its private exchange offers for portions of three series of senior notes, the company said Jan. 21.
The offer was scheduled to expire Jan. 20. Because it was canceled, none of the notes will be accepted for exchange and all of them that are tendered will be returned to holders.
Eligible holders of outstanding 6.375% senior subordinated notes due 2021, 5.5 notes due 2022 and 4.625% notes due 2023 would have exchanged a portion for new 7.5% notes due May 15, 2022.
Global Bondholder Services Corp. was the information and exchange agent.
Denbury Resources Inc. is based in Plano, Texas.
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