Alta Mesa reports tenders of $379 million 9 5/8% notes, calls rest

By Wendy Van Sickle

Columbus, Ohio, Dec. 8 – Alta Mesa Holdings, LP said about $379 million, or 84.14%, of its $450 million of 9 5/8% senior notes due 2018 were validly tendered by the deadline of its offer to purchase any and all of the notes.

The total does not include about $4.6 million of the notes that remain subject to guaranteed delivery procedures, according to a press release.

The tender ends at 5 p.m. ET on Dec. 7, and settlement occurred on Dec. 8.

The notes were issued jointly with Alta Mesa Finance Services Corp.

The company paid $1,006.50 per $1,000 principal amount of notes.

Holders also received accrued interest up to but excluding the payment date.

Settlement for the notes that remain subject to guaranteed delivery procedures is expected to occur on Dec. 12.

The company funded the tender offer via the sale of $500 million of new 7 7/8% notes due 2024.

The company called all of the remaining notes for redemption on Jan. 7 at par plus accrued interest.

Wells Fargo Securities LLC at (704 410-4760 or 866 309-6316) is dealer manager. D.F. King & Co., Inc. (212 269-5550, 800 549-6697, am@dfking.com or www.dfking.com/altamesa) is dealer manager.

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

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