Energy XXI Gulf Coast plans to sell $300 million eight-year notes in Monday drive-by

By Paul A. Harris

Portland, Ore., Sept. 23 - Energy XXI Gulf Coast, Inc. plans to price a $300 million offering of eight-year senior notes on Monday, trailing a mid-morning investor conference call, according to a syndicate source.

Citigroup Global Markets Inc. and RBS Securities Inc. are the joint physical bookrunners. Wells Fargo Securities LLC, Barclays, Credit Suisse Securities (USA) LLC and UBS Securities LLC are the joint bookrunners.

Capital One Securities Inc., Regions Securities LLC and Scotia Capital (USA) Inc. are the senior co-managers.

ING Financial Markets LLC, Natixis Securities Americas LLC, TD Securities (USA) LLC, Comerica Securities Inc., Cowen and Co. LLC, Deutsche Bank Securities Inc., Iberia Capital Partners LLC, Johnson Rice & Co., LLC and KeyBanc Capital Markets Inc. are the co-managers.

The Rule 144A with registration rights notes become callable in three years at par plus 75% of the coupon and feature a 101% poison put.

The Hamilton, Bermuda-based oil and natural gas exploration and production company plans to use the proceeds to refinance its revolver.

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