Energy Partners Ltd. - 2011-02-07
Description
Priced an offering of 8.25% senior notes due 2018. Net proceeds from the offering are expected to be used to fund the acquisition of producing Gulf of Mexico shelf properties from Anglo-Suisse Offshore Partners, LLC for $200.7 million in cash; and for general corporate purposes.
Jefferies & Company, Inc. and BMO Capital Markets Corp. are joint book-running managers for the offering.