McMoRan Announces $400 Million Senior Notes Offering



McMoRan intends to offer a total of $400 million aggregate principal amount of senior notes to the public.

McMoRan intends to use the proceeds from the offering to repay indebtedness under a bridge facility used in connection with the acquisition of the Gulf of Mexico shelf oil and gas properties of Newfield Exploration Company.

The joint book-running managers for this offering are JPMorgan and Merrill Lynch & Co. BNP Paribas is a co-manager for this offering. The offering will be made under the company's existing shelf registration statement filed with the Securities and Exchange Commission.

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