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Energy XXI Gulf Coast Commences Private Offering
Energy XXI Gulf Coast, Inc., the operating subsidiary of Energy XXI Ltd, has commenced a private offering to qualified institutional buyers of $1.25 billion principal amount of Senior Secured Second Lien Notes due 2020, subject to market and other conditions.
The Company intends to use a portion of the net proceeds from this offering to repay borrowings under its revolving credit facility, including $325 million of the amount outstanding under the tranche of its revolving credit facility allocated for its indirect, wholly-owned subsidiary, EPL Oil & Gas, Inc., and the remainder for general corporate purposes including funding a portion of its capital expenditure program for fiscal year 2015.
Announced Date
March 04,2015
Value ( $MM )
1,250
Type
Debt
Use of Fund
General Purpose,Debt Reduction
Company
Energy XXI Gulf Coast, Inc
Regions
Gulf Coast
Country
United States
Gulf Coast Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2022-06-09 | Callon Prices $600MM Private Offering of 7.5% Senior Notes Due 2030 | Callon Petroleum Co. | 600 | Debt |
| 2022-04-07 | Earthstone Launches $550MM Private Offering of Notes Due 2027 | Earthstone Energy Inc. | 550 | Debt |
| 2022-02-07 | Crescent Energy Prices $200MM Private Debt Offering | Crescent Energy Company | 200 | Debt |
| 2021-06-09 | SM Energy Launches $350 Million Debt Offering | SM Energy Company | 350 | Debt |