Endeavor postpones $250 million notes offer due to market conditions

By Paul A. Harris

Portland, Ore., June 13 - Due to adverse conditions in the market, Endeavor International Corp. postponed its $250 million offering of five-year senior notes on Friday, according to a market source.

Citigroup Global Markets Inc. had the books.

The Houston-based independent oil and gas company planned to use the proceeds to repay all outstanding amounts under its senior term loan and its subordinated notes and to fund general corporate purposes.

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