Berry Petroleum to repay revolver debt with bond proceeds

By Sara Rosenberg and Paul A. Harris

New York, Oct. 6 - Berry Petroleum Co. plans on repaying some debt under its revolving credit facility using proceeds from a proposed $200 million senior subordinated notes offering, according to a market source.

Remaining proceeds from the bond deal will be used for general corporate purposes.

Berry is a Bakersfield, Calif.-based petroleum exploration and production company.

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