Berry Petroleum to Offer Additional 10 1/4% Senior Notes Due 2014

Berry Petroleum intends to publicly offer, subject to market and other conditions, an additional $75 million in aggregate principal amount of its 10¼ senior notes due 2014. The notes are expected to be offered as additional notes under an indenture, as supplemented by a supplemental indenture, pursuant to which it issued $325 million principal amount of 10¼% senior notes due 2014 on May 27, 2009. The notes and the previously issued $325 million principal amount of notes will be treated as a single series of debt securities under the indenture. The offering will be made under Berry's effective shelf registration statement as filed today with the Securities and Exchange Commission (SEC).

Berry intends to use the net proceeds of the offering to reduce outstanding borrowings under its senior secured revolving credit facility.


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours