Alta Mesa to sell $100 million 9 5/8% notes due 2018 on Wednesday

By Paul A. Harris

Portland, Ore., Oct. 2 - Alta Mesa Holdings, LP and Alta Mesa Finance Services Corp. will host an investor call at 11 a.m. ET on Wednesday to discuss a $100 million add-on to the company's 9 5/8% senior notes due Oct. 15, 2018 (expected ratings B3/B), according to a syndicate source.

The deal is set to price on Wednesday afternoon.

Wells Fargo Securities LLC is the left bookrunner. Citigroup Global Markets Inc. and Mitsubishi are joint bookrunners.

TD Securities, Capital One, ING and Global Hunter Securities are co-managers.

The Rule 144A and Regulation S with registration rights notes become callable on Oct. 15, 2014 at 104.813.

Proceeds will be used to repay bank debt.

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

The original $300 million issue priced at 99.307 to yield 9¾% in October 2010.

The add-on notes are to become fungible with the existing notes within 180 days of registration.

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