By Christine Van Dusen
Atlanta, April 12 - Czech Republic-based energy producer EP Energy sold €600 million notes due in 2018 (//BBB-) to yield 4 3/8%, a market source said.
The notes were talked at a yield in the 4 5/8% area.
The company was initially expected to issue two tranches of notes but responded to investor demand for one larger tranche, the market source said.
Proceeds will be used to repay existing debt.
No other details were immediately available on Friday.
| Issuer: | EP Energy
|
| Amount: | €600 million
|
| Maturity: | 2018
|
| Description: | Notes
|
| Yield: | 4 3/8%
|
| Trade date: | April 12
|
| Rating: | Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 4 5/8% area
|
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