Finance - Redemptions

Nexen Plans Actions To Reduce Debt By Up To US$1B

The company intends to issue a notice of redemption, before the end of March, for all US$500 million of its 5.05% senior notes due in 2013.

March 17, 2011

Consol Energy To Redeem 7.875% Notes Due 2012

Net proceeds from a recent offering of $250 million of 6.375% senior notes due 2021 will be the principal source of funding for the redemption.

March 14, 2011

Atlas Pipeline To Redeem $275.5MM Of Senior Notes

The redemption will be funded with cash on hand, primarily with the net proceeds from Atlas Pipeline's sale of its remaining 49% interest in Laurel Mountain Midstream LLC.

March 8, 2011

Goodrich Repurchases $123MM Of Senior Notes

The repurchase was made using a portion of the net proceeds from the company's recently-completed offering of $275 million aggregate principal amount of its 8.875% senior notes due 2019.

March 4, 2011

Energy XXI To Redeem 10% Senior Notes Due 2013

The company has amended the offer by reducing the base denomination of the notes required to be tendered.

February 22, 2011

Basic Energy Services To Redeem Senior Notes Due 2014

Basic will use proceeds from its recently issued 7 3/4% senior notes due 2019 to fund the redemption.

February 16, 2011

Tortoise Energy Capital To Redeem $45MM Of MRPS

 The company will utilize net proceeds from its recent issuance of $50 million 5% Series B MRPS to facilitate the redemption.

February 16, 2011

Linn Energy To Retire $177MM Of Senior Notes

The redemptions will retire a total of approximately $177 million of senior notes with a weighted average interest rate of 10.8%.

February 11, 2011

Tortoise Energy Capital To Redeem $45MM Of Shares

The MRP B shares are expected to be rated AA by Fitch Ratings.

February 4, 2011

Denbury To Redeem Senior Notes Due 2013, 2015

As of February 3, $225 million of the 2013 notes and $300 million of the 2015 notes were outstanding.

February 3, 2011

Bristow Redeems $230MM Of Senior Notes

Bristow used borrowings under its new $375-million secured bank credit agreement to fund the redemption.

December 27, 2010

XTO Purchases $2B Principal Amount Of Debt Securities

XTO funded the purchase of the securities with available cash on hand and inter-company borrowings from its parent company.

December 17, 2010