Alta Mesa to price $300 million eight-year notes late Oct. 4 week

By Paul A. Harris

St. Louis, Sept. 30 - Alta Mesa Holdings, LP kicked off a $300 million offering of eight-year senior notes on Thursday, according to an informed source.

The company plans to host an investor call on Monday.

The deal is expected to price late in the Oct. 4 week.

Wells Fargo Securities and Citigroup Global Markets Inc. are the joint bookrunners for the offering, which is formatted according to Rule 144A with registration rights and Regulation S.

The notes come with four years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to repay the company's second-lien term loan, to pay down its revolver, to make a distribution to Alta Mesa Investment Holdings, Inc. and for general corporate purposes.

Alta Mesa is a Houston-based onshore oil and gas exploration and production company.

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