Encore Acquisition $150 million 10-year notes talked in 8½% area, pricing Wednesday

By Paul A. Harris

St. Louis, Mo., June 18 - Encore Acquisition Co.'s $150 million of senior subordinated notes due 2012 (B2/B) are officially talked at the 8½% area, according to a syndicate source. The deal is expected to price Wednesday afternoon.

Credit Suisse First Boston is the bookrunner. Deutsche Bank Securities Inc., Fleet Securities, Goldman Sachs & Co., Wachovia Securities, Inc., BNP Paribas and Fortis are the co-managers.

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

Proceed will be used to repay bank debt.

The Fort Worth, Tex.-based company acquires, develops and explores North American oil and gas reserves.

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