Finance - Redemptions
The maximum tender offer will expire Oct. 20.
Brigham intends to call for redemption on Oct. 8 all notes that remain outstanding after the consummation of the offer at a redemption price of $1,048.13 per $1,000 principal amount of notes.
The offer is being made in conjunction with previously announced tender offers by its Delaware and Bermuda subsidiaries.
The company is offering to purchase for cash any and all of its 6.5% notes due 2012.
The tender offer consideration and total consideration applies to its 8.625% notes due 2014, 6% senior notes due 2016 and 9.75% notes due 2019.
The redemption is for various amounts of 6.625% senior notes due 2011, 5.95% senior notes due 2012, 5.15% senior notes due 2013 and 4.95% senior notes due 2013.
Exco received proceeds of approximately $724.4 million.
The redemption was financed with proceeds from a recently completed public offering of $1.2 billion aggregate principal amount of senior notes.