Endeavour to redeem 12% notes due 2014 using new offer proceeds

By Tali David

Minneapolis, Oct. 10 - Endeavour International Corp. plans to use the proceeds of its first-priority note offering to retire its outstanding 12% senior subordinated notes due 2014, according to a press release.

The company will also use proceeds to finance a portion of the construction, improvement and other capital costs related to its U.S. and U.K oil and natural gas properties.

Endeavour International is a Houston-based oil and gas exploration and production company.

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