Berry Petroleum Offers $300MM of Senior Notes

Berry Petroleum intends to publicly offer, subject to market and other customary conditions, $300 million aggregate principal amount of senior notes due 2014, under its effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).

Berry intends to use the net proceeds of the proposed offering to repay in full its second lien term loan and reduce outstanding borrowings under its senior secured revolving credit facility.


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