Stone Energy Prices Offering of $275MM of Senior Notes

Stone Energy has priced an offering of $275 million aggregate principal amount of Senior Notes due 2017. The Senior Notes will bear interest at a rate of 8.625% per annum and will be issued at a price equal to 98.713% of the principal amount thereof, resulting in a yield to maturity of 8.875%. Stone intends to use the net proceeds from the offering to fund its pending tender offer and consent solicitation for its existing 8 1/4% Senior Subordinated Notes due 2011 and for general corporate purposes. Stone expects to close the sale of the Senior Notes on January 26, 2010, subject to the satisfaction of customary closing conditions.


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