Berry Petroleum Offers $300MM of Senior Notes
Berry Petroleum intends to publicly offer, subject to market and other customary conditions, $300 million aggregate principal amount of senior notes due 2014, under its effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).
Berry intends to use the net proceeds of the proposed offering to repay in full its second lien term loan and reduce outstanding borrowings under its senior secured revolving credit facility.
- Linn Energy to Pay $600M More for Berry Petroleum (Nov 04)
- Linn Energy, LinnCo to Buy Berry Petroleum for $2.5B (Feb 21)
- Berry Petroleum Adds Members to Board (Feb 11)