Endeavor Energy sets Wednesday morning investor call for $100 million tap of 7% notes due 2021

By Paul A. Harris

Portland, Ore., April 15 - Endeavor Energy Resources, LP and EER Finance, Inc. plan to participate in an investor conference call at 10:30 a.m. ET on Wednesday to discuss a $100 million tack-on to their 7% senior notes due Aug. 15, 2021, according to a syndicate source.

The deal is set to price on Wednesday afternoon.

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Wells Fargo Securities LLC, Credit Agricole CIB, Mitsubishi UFJ Securities, U.S. Bancorp Investments Inc. and RBS Securities Inc. are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable on Aug. 15, 2016 at 105.25.

Proceeds will be used to repay the company's revolver, to fund development of acreage and for general corporate purposes.

The prospective issuer is a Midland, Texas-based oil and gas exploration and production company.

The original $250 million priced at par in August 2013.

The add-on notes will be immediately fungible with the original notes.

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