Bill Barrett Corp. to Offer $130 Million in Senior Notes

Bill Barrett Corporation intends to offer, subject to market and other conditions, a new issue of convertible senior notes with an aggregate principal amount of $130.0 million. The net proceeds from the offering will be used to reduce the outstanding indebtedness under the Company's revolving credit facility. The Company also intends to grant the underwriters of the proposed offering an option to purchase up to an additional $19.5 million aggregate principal amount of notes solely to cover over-allotments.

The convertible notes are being offered pursuant to a prospectus supplement to the Company's currently effective shelf registration statement filed with the United States Securities and Exchange Commission (SEC). The notes will be unsecured, unsubordinated obligations of the Company. The notes will be convertible into cash, shares of common stock or a combination as the Company elects under specified circumstances as described in the prospectus supplement.

Deutsche Bank Securities Inc., Banc of America Securities LLC and J.P. Morgan Securities Inc. will be joint book-running managers for this offering. Copies of the prospectus supplement may be obtained from Deutsche Bank Securities Inc. by writing to Deutsche Bank Securities Prospectus Department, 100 Plaza One, Second Floor, Jersey City, NJ 07311, or by calling 800-503-4611. The prospectus supplement may also be found at the SEC Website at

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, securities. The securities will not be sold in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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