Bill Barrett Corp. (NYSE:BBG) announced that it has priced its $400 million aggregate principal amount of 7 5/8% Senior Notes due 2019. The notes were sold to the public at par, and the offering size was increased from $300 million (as previously announced) to $400 million. The notes will be unsecured obligations of the Company and will be effectively subordinated to the Company's existing and future secured indebtedness to the extent of the value of the assets securing that indebtedness. Initially, all of the Company's subsidiaries will guarantee the notes.
Bill Barrett Corporation, an independent oil and gas company, engages in the exploration, development, and production of natural gas and crude oil principally in the Rocky Mountain region of the United States. Bill Barrett Corporation was founded in 2002 and is based in Denver, Colorado.
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(BBG, CLNO, WYN, WSH) Stock under Consideration by DrStockPick.com
September 22nd, 2011 at 02:57 pm