McMoRan Exploration Co. - 2011-09-08
Description
The company has made an offer to exchange up to $74.7 million aggregate principal amount of 5¼% Convertible Senior Notes due 2011 for an equal principal amount of newly issued 5¼% Convertible Senior Notes due 2012, plus cash in an amount equal to the accrued and unpaid interest on the Existing Notes through October 5, 2011. The $74.7 million represents the total amount of Existing Notes outstanding.
The Bank of New York Mellon Trust Company NA will serve as the exchange agent for the exchange offer.