Brigham Exploration to sell $250 million eight-year notes this week

By Paul A. Harris

St. Louis, Sept. 13 - Brigham Exploration Co. is expected to sell $250 million of eight-year senior notes during the present week, according to an informed source.

Credit Suisse and Bank of America Merrill Lynch are the joint bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection and a 101% poison put.

The Austin, Texas-based oil and gas exploration company plans to use the proceeds to refinance its existing 9 5/8% senior notes due 2014.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.