Convertibles Calendar: PDC to price $100 million Thursday

NOVEMBER 18

PDC ENERGY (Nasdaq: PETD): $100 million of 5.5-year convertibles; after the market close Thursday; talked to yield 3%-3.5%, up 27.5%-32.5%; Rule 144A; $15 million greenshoe; concurrent offering of 3 million shares of common stock with a 450,000-share greenshoe; via joint bookrunners Wells Fargo Securities and Bank of America Merrill Lynch; non-callable; net share settlement; proceeds will be used to fund a previously announced acquisition and other acquisitions and for general corporate purposes; pending other uses, PDC intends to use proceeds to temporarily repay in full its credit facility; Denver-based oil and natural gas exploration, development and marketing company.

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