Finance - Redemptions
According to information provided to Inergy by the D.F. King & Co. Inc., the depositary for the Any and All Offer, $94,235,000 in aggregate principal amount of the notes, were validly tendered and not withdrawn as of 5 p.m., New York City time, on Dec. 20.
The redemption pertains to of all outstanding shares of Pacific Enterprises preferred stock.
Forbes Energy Services is an independent oilfield services contractor that provides a broad range of drilling-related and production-related services in Texas, Mississippi, Pennsylvania and Mexico.
Connacher has retained Credit Suisse Securities (USA) LLC and RBC Capital Markets LLC as dealer managers for the offers and the consent solicitations.
Belden & Blake is an independent energy company engaged in the exploitation, development, production, operation and acquisition of oil and natural gas properties.
The company redeemed the notes pursuant to their terms at 100% of their principal amount plus accrued and unpaid interest.
The company anticipates retiring approximately $2 billion in aggregate principal amount of convertible notes and nonconvertible notes in separate tender offers.
The amendment to the indenture will permit Penn Virginia to purchase, repurchase, redeem, defease or otherwise acquire for value its outstanding 4.5% convertible senior subordinated notes due 2012.
Endeavour expects to redeem the notes by April 20 at a redemption price of 100% of their principal amount, plus accrued and unpaid interest to the redemption date.
The MRPS were redeemed on March 14, at $10.10 per share, which was comprised of the liquidation preference amount of $10 per share and the required redemption premium of $0.10 per share, plus accrued dividends.
The company has extended the expiration date for its previously announced exchange offer relating to its 8.625% senior notes due 2020.