Denbury Resources Inc.

Priced and upsized to $450 million of its previously announced private offering of $400 million aggregate principal amount of senior secured second lien notes due 2024. The new second lien notes will bear interest at a per annum rate of 7.5% and were sold at an issue price of 100%.

The company expects to use the net proceeds from the offering to repay all of its outstanding borrowings under its senior secured bank credit facility, which were $410 million and to use the remaining proceeds to pay related fees and expenses and for general corporate purposes.