PXP Announces $300M Senior Notes Offering
Net proceeds from the offering will be used (i) to repay amounts currently outstanding under its revolving credit facility and (ii) for general corporate purposes.
J.P. Morgan Securities Inc. and Lehman Brothers Inc. will act as joint book-running managers for the offering. The offering will be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from J. P. Morgan Securities Inc., 270 Park Ave., 8th Floor, Attention: Syndicate Desk, New York, NY 10017, 212-834-4555; Lehman Brothers Inc., Attention: Prospectus Department, 745 7th Avenue, New York, NY 10019, 888-603-5847. An electronic copy of the prospectus and prospectus supplement is available from the Securities and Exchange Commission's website at http://www.sec.gov .
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