Equity Company Exchange / Symbol Headquarters Amount Comments Hanover Compressor Co. (NYSE: HC) Houston US$88 million Sold 2.5 million common shares at $35.15 each. Selling stockholders sold an additional 7.5 million shares. The stock offering was managed by Goldman, Sachs & Co., Credit Suisse First Boston, Salomon Smith Barney, JPMorgan, Dain Rauscher Wessels, First Union Securities Inc. and Allen & Co. Energy Savings Income Fund (Canadian Venture: SIF.UN) Toronto C$110 million Is planning an IPO of 11 million trust units at C$10 each. The offering was expected to close by May 2. The underwriters have been granted an overallotment option to purchase up to 1.1 million units. The underwriting syndicate is CIBC World Markets Inc., National Bank Financial Inc., Canaccord Capital Corp., Dundee Securities Corp. and Trilon Securities Corp. NCE Resources Group (Amex: NCN) Toronto C$74.8 million Has issued 13.6 million trust units at C$5.50 each. Proceeds will initially be used to reduce credit facility debt. Dundee Securities Corp., National Bank Financial Inc., Canaccord Capital Corp., Raymond James Ltd. and Yorkton Securities Inc. were agents. Transocean Sedco Forex Inc. (NYSE: RIG) Houston US$1.3 billion Has privately placed $700 million of 6.625% notes due 2011 and $600 million of 7.5% notes due 2031. At closing, the 6.625% notes will be issued at 99.5% of the principal, less an underwriting discount of 0.65%, and the 7.5% notes will be issued at 99.5% of the principal, less an underwriting discount of 0.875% of the principal amount. Proceeds will fund the purchase of the 11.38% senior secured notes due 2009 of RBF Finance Co. by R&B Falcon Corp. Anadarko Finance (NYSE: APC) Houston US$1.3 billion A unit of Anadarko Petroleum Corp. has sold two-part debt in the 144a private placement market as part of the company's financial restructuring plan following the Berkley Petroleum Corp. acquisition. The deal consisted of $400 million in 6.75% coupon 10-year notes and $900 million in 7.5% coupon 30-year notes. The size of the 30-year note sale was increased to $900 million from an originally planned $800 million. Credit Suisse First Boston was sole lead-manager. Chesapeake Energy Corp. (NYSE: CHK) Oklahoma City US$800 million Has privately placed senior notes due 2011 to lower the interest rate and extend the maturity of approximately 74% of its senior notes. Proceeds will go to fund the redemption of its existing $120 million of 9.125% senior notes due 2006, $500 of 9.625% senior notes due 2005 and $202.5 million of 11.125% senior secured notes due 2005 that belonged to Gothic Production Corp. Petrobras (NYSE: PBR) Rio de Janeiro, Brazil US$500 million Brazil's state oil giant has reopened its U.S. commercial paper program by placing an issue of one-year paper in the market, according to Reuters. The company said that the money will be used for imports of oil and oil products. Nineteen financial institutions from 10 countries have subscribed to the issue, according to the company. Diamond Offshore Drilling Inc. (NYSE: DO) Houston US$460 million Has privately placed its 1.5% 30-year convertible senior debt due 2031. This amount includes $60 million sold pursuant to an overallotment option. The debt will be convertible into Diamond Offshore common stock. Oneok Inc. (NYSE: OKE) Tulsa, Okla. US$400 million Has sold 10-year senior notes. The size of the deal was increased from an originally planned $300 million. The notes mature on March 15, 2011. Lead manager was Banc of America Securities LLC. CMS Energy Corp. (NYSE: CMS) Dearborne, Mich. US$350 million Has priced its 8.5% senior notes due 2011. Proceeds will be used to pay debt. The lead underwriter on the sale is Credit Suisse First Boston. Callon Petroleum Co. (NYSE: CPE) Natchez, Miss. US$225 million Plans to sell senior notes due 2008. The notes will be noncallable for the first four years. Proceeds will be used to redeem Callon's senior subordinated notes due in 2002 and 2004, for senior credit facility reduction, capital expenditure financing and general corporate purposes. Magnum Hunter Resources Inc. (Amex: MHR) Irving, Texas US$225 million Plans to receive a senior bank credit facility, of which $112.5 million is available under the current borrowing base. The new facility consolidates and replaces two existing credit facilities with Magnum Hunter and Bluebird Energy Inc., a subsidiary, with a combined borrowing base of $90 million. The new facility provides additional liquidity to Magnum Hunter of $22.5 million. The facility will be funded by five financial institutions, led by Bankers Trust Co., as administrative agent, Canadian Imperial Bank of Commerce, as syndication agent, and BNP Paribas as collateral agent. Pogo Producing Co. (NYSE: PPP) Houston US$200 million Has privately placed senior subordinated notes due 2011. Proceeds will be used to pay revolving-credit-facility debt. The notes have an 8.25% coupon, with interest payable on April 15 and Oct. 15.
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