Evergreen Resources $200 million eight-year notes price talk 6-6¼%, to price Friday

By Paul A. Harris

St. Louis, March 4 - Price talk is 6% to 6¼% on Evergreen Resources Inc.'s proposed $200 million offering of eight-year senior subordinated notes (Ba3/BB-), a syndicate source said Thursday.

The deal is expected to price on Friday morning.

Goldman Sachs & Co. is the bookrunner on the Rule 144A offering. BNP Paribas, UBS Investment Bank and Wachovia Securities are joint lead managers. AG Edwards, Banc One Capital Markets, First Albany, Hibernia, Howard Weil, Raymond James and RBC are co-managers.

The notes come with four years of call protection.

Proceeds will be used to repay $149.5 million of bank debt, fund future development expenditures and for general corporate purposes.

Evergreen is a Denver-based natural gas exploration and production company.

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