Vintage Petroleum 10-year notes upsized to $350 million, talked at 8¼%, pricing Thursday

By Paul A. Harris

St. Louis, Mo., April 23 - Price talk of 8¼% was heard Tuesday on Vintage Petroleum, Inc.'s planned offering 10-year senior notes (Ba3/BB-), according to a syndicate source. The deal is expected to price Thursday morning.

According to a market source, the deal was upsized late Tuesday to $350 million from $250 million.

Deutsche Bank Securities Inc. and BMO Nesbitt Burns are joint bookrunners.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to repay bank debt.

The company is a Tulsa, Okla.-based oil and gas exploration and production company.

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