EnQuest begins marketing $500 million eight-year senior notes

By Paul A. Harris

Portland, Ore., March 26 - EnQuest plc began marketing a $500 million offering of eight-year senior notes on Wednesday, according to market sources.

The deal is set to price during the early part of the week ahead.

J.P. Morgan Securities LLC, Barclays, BNP Paribas Securities Corp., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are the joint bookrunners.

The notes come with three years of call protection.

The London-based petroleum exploration and production company plans to use the proceeds for general corporate purposes.

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