EPL Completes Cash Tender Offer
Energy Partners, Ltd. (EPL) on Friday announced the completion of its previously announced cash tender offer to purchase any and all of its outstanding 8 3/4% Senior Notes due 2010 (CUSIP No. 29270UAC9) and related consent solicitation to amend the indenture pursuant to which the notes were issued.
The offer expired at 5 p.m., New York City time, on May 3, 2007, with $145,499,000 in aggregate principal amount of notes tendered and accepted for purchase under the terms of the offer, or approximately 97% of the notes outstanding.
Banc of America Securities LLC served as the exclusive dealer manager and solicitation agent in connection with the offer.
Founded in 1998, EPL is an independent oil and natural gas exploration and production company based in New Orleans, La. The company's operations are focused along the U.S. Gulf Coast, both onshore in south Louisiana and offshore in the Gulf of Mexico.
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