By Paul A. Harris
St. Louis, Nov. 13 - Cabot Oil & Gas Corp. priced a $67 million issue of 9.78% 10-year senior unsecured bullet notes (NAIC 2) at a 600 basis points spread to Treasuries, according to a market source.
The private placement was led by J.P. Morgan Securities Inc.
The energy exploration and production company is based in Houston.
| Issuer: | Cabot Oil & Gas Corp.
|
| Amount: | $67 million
|
| Maturity: | 10 years
|
| Security description: | Senior unsecured notes
|
| Coupon: | 9.78%
|
| Spread: | Treasuries plus 600 bps
|
| Call protection: | Non-callable
|
| Rating: | NAIC 2
|
| Placement agent: | J.P. Morgan Securities Inc.
|
| Distribution: | Private
|
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