Encore Acquisition Co. Prices $225MM in Senior Subordinated Notes

Encore Acquisition Company has priced an underwritten public offering of $225 million of Senior Subordinated Notes due 2016, which will bear interest at a rate of 9.50% per annum. The notes are being sold at 92.228% of par, which equates to an effective yield to maturity of approximately 11.125%. Encore expects to close the sale of the notes on April 27, 2009, subject to the satisfaction of customary closing conditions.

Encore intends to use the net proceeds of the proposed offering to repay outstanding borrowings under its revolving credit facility. The offering is being made under Encore's existing shelf registration statement previously filed with the Securities and Exchange Commission.


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